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Block of Units

12 Lemnos Street

RED HILL, QLD 4059

Key features

A fantastic opportunity beckons to purchase this boutique complex consisting of three units all currently tenanted with a combined annual rental of approximately $45,000 per annum (approx.), with opportunity for potential to increase to $50,000 per annum (approx..). Situated on a fantastic allotment of 675sqm, there are opportunities abound for discerning investors.

Superbly located in a quiet cul-de-sac in the coveted inner-city suburb of Red Hill, this property is tremendously appealing currently established as 2 x one-bedroom units and 1 x three-bedroom unit. Each unit boasts single lock up garage, air conditioning and outdoor common areas.

With zoning low to medium residential (2 or 3 story mix) created possible scope to add value to the site with future multi-unit redevelopment or site subdivision.

For the astute investor looking for a great residential investment in a prime location, this could be one of the best opportunities you will see this year.

Positioned for total lifestyle convenience, this property is close to local cafes, just 330m to the nearest bus stop and convenient to the Pacific Motorway, QUT Kelvin Grove Campus and the Royal Brisbane Hospital.

Easy access to shops and restaurants in the adjacent Paddington and Caxton Street as well as events at Suncorp Stadium with the ferry terminal in Milton providing river access to the University of Queensland while the Go Between Bridge and William Jolly Bridge provide direct access across the river.
Interested in properties similar to this? Let’s connect…
Leon Inconomidis
Leon Inconomidis
  0411 428 270
 
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