60 Princess Street

Petrie Terrace QLD 4000

Situated mid street and North facing with incredible district views of Petrie Terrace, Red Hill and Paddington this remarkable home is a veritable gold mine providing steady returns in a very low vacancy rate precinct.

Currently housing six bedrooms all individually leased, two bathrooms, huge kitchen space with dining area, common living room and laundry. The concreted under croft provides enough space for a least five cars to be parked off street securely, which is an absolute rarity this close to the CBD. The under croft area stretches the entire length and width of the home and has been raised high enough to allow for potential future development (STCA).

The home is certified as an accredited level 1 residential service and does have a Fire safety plan in place and is available to purchase fully furnished. The current rental return is $1070/week with tenants on varying lease agreements. Approximate outgoings include Insurance at $3200 pa, council rates $3200 pa, Gas $600 pa, water $1400 pa and internet access expenses.