10 Colton Street HIGHGATE HILL, QLD 4101Offers over $2.5m
WHOLE 9 X 2 BRM BRICK COMPLEX
Block Of Units - HIGHGATE HILL QLD
First time offered! Come and inspect this very rare opportunity to buy an un-strata titled whole block of solid brick flats in an elevated street, high on the hill in a leafy Highgate Hill position.
Individual units would sell as is for $320k – $340k. Refurbished around $390k.
Units currently rented around $310pw each or $145,000pa with scope to increase to around $350pw each or $165,000pa with renovation
The property provides a stable proven cash flow with long term tenants, has great layout and dimensions, plenty of natural light and cross ventilation, and is the perfect blank canvas for a savvy investor to renovate and add value.
– 9 x 2 bedroom 1 bathroom 1 car flats
– Neat and tidy inside with scope for renovation
– Long open plan living areas
– Separate kitchen with plenty of cupboard space
– Main bedroom with built-ins
– North-facing with balconies and city aspect
– Large bathrooms with internal laundry
– Separate toilets
– Landscaped low maintenance block
The apartment complex is in an attractive position just down from Dornoch Tce. There are luxury apartments being built nearby commanding impressive prices. It is a short walk to bus, Citycat, parkland and popular local restaurants and shops. Its also within the Brisbane State High School catchment.
Buy, maximise, hold! Strata-title and sell off! Investigate development options!
Properties like this dont come up often, be quick.
- Block Of Units
- 18 bed
- 9 bath
- 9 Parking Spaces
- Land is 809 m²
- 9 Carport