16 Hall Street, Northgate

  • 12

    Beds
  • 6

    Baths
  • 6

    Cars

Price
$1,775,000

Quality block of units in a great Location with further development potential!

This property currently consists of six units with 2 bedrooms, 1 bathroom and 1 car park. There is also further potential for investors to build an additional unit or townhouse at a size of approximately 144m2 (subject to council approval).

Situated in a fantastic location only 13.9km from the CBD in an area with very high occupancy, it is in close proximity to the Nundah Village retail precinct and only a 10-minute walk to Nundah train station.

Current income:
Unit 1 – $320 p/w
Unit 2 – $330 p/w
Unit 3 – $320 p/w
Unit 4 – $330 p/w
Unit 5 – $320 p/w
Unit 6 – $330 p/w
Total = $101,400 PA approx.

Outgoings:
Rates: $370 approx. per unit, per ¼ = $8,880 pa approx.
Water: $370 approx. per unit, per 1/4 = $8,880 pa approx.
Insurance: $1,250 pa approx.
Common electricity: $400 pa approx.
Total = $19,410 approx.

This block is an incredible investment opportunity in a great location with multiple options for investors to increase value and rental yields. A rental appraisal report from North South Executive Rentals and town planner information regarding further development is available on request. Contact Domenico for further information or to book a private inspection.

Information contained on the Website is indicative in nature only should not be relied upon and you should make your own enquiries and seek advice from appropriate experts (including but not limited to Legal, Financial and Planning experts) in respect of any property on the Website or the information about the property contained on the Website. The Seller and agent make no representations that any material used in advertising this property is accurate or complete.

  • 12

    Beds
  • 6

    Baths
  • 6

    Cars

Price
$1,775,000

Land Size: 809.00m2

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    • Domenico Bellino
    • email | 0421 908 002

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