48 Cole Street

Silkstone QLD 4304

On a RARE double lot, the building comprises four flats with a configuration of 2 x 2 bedroom and 2 x 1 bedroom, each with an off road car space. Currently in good original condition, there is a fantastic opportunity to restore this charming building and increase the rents. Positioned 5 minutes walk to Booval Fair, Sacred Heart and Silkstone Primary Schools and Bremer High, these units are rarely vacant. But that s only a part of what this brilliant property offers; the flats are positioned on one lot and there is a spare lot beside! There are so many options here renovate, build a home or duplex on the spare lot or just sell the spare lot off and watch that cash flow roll in!
Features:

* Currently attracts a gross rental return of approximately $36,592.83 per annum
* Two level character building with fantastic character features, 4 undercover car parks
* Rare, spare lot for development beside
* Sought-after location, walk to Shops, schools, parks and Bunnings
* 5 minutes drive to the motorway

Boutique, character unit complexes with a consistent rental return and enormous upside like this property, are very hard to come by in Ipswich. Do not pass this one by!
For more information please call David Luscombe on 0414 494 884
- TWO TITLES 506m x 2 No separation required!
- Returning $825 per week
- Cash flow plus value add opportunity
- Awesome location with major shopping and transport
- 5 mins walk to everything you need.
- Easy access to major Highways
- 5 mins to Ipswich CBD 30Mins to Brisbane CBD
- Long term tenants in place.
Rare opportunity so be quick and call!!!