Block of Units for Sale
Rare Whole Block Opportunity!
Property ID 1997147This is a license to print money! 6 x two bedroom, two bathroom apartments in the heart of popular Taringa facing Perrin Park. The contemporary block and modern units have been immaculately maintained and yes, they have been strata titled should you choose to keep some and sell on the rest.
Taringa sits conveniently between St Lucia and Indooroopilly and lies within the 4km radius of the CBD. Tenants are attracted to the area due to its close proximity to University of Queensland, train station and the newly refurbished and extended Toowong Shopping Centre. School children find themselves within the prized Ironside State School and Indooroopilly State High School catchments. Secondary students also may consider Brisbane Boys College, St Peters Lutheran College or Brigidine College all close by. This is a highly desirable address.
The big win here is the numbers. All six units are fixed term rented and at an average rent of $450 per week and no Body Corporate Fees your bank manager will love you forever! The unit market in Brisbane has moved into the recovery cycle and the only way here is up. Capital growth and increasing rents will make this one the jewel of your portfolio.
Inspections possible by appointment (tenants will need to be provided with the appropriate notice) and genuine buyers can request a financial summary to assist with your numbers. We have had the pleasure of managing this property for the current owner over a number of years and can attest to its popularity and ease of maintenance.
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.