Sold
Block of Units

438 Southport Nerang Road Ashmore, QLD 4214

Sold on 24 Nov 2017
  • 7 Beds
  • 4 Baths
  • 5 Cars
Agents

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Block of Units in Ashmore

Vendor Meets the Market…$995,000

  • 7 Beds
  • 4 Baths
  • 5 Cars

Multi Income producing property, (3 separate dwellings).

Carefully considered and developed by the current owner specifically as an investment. The individual homes sit on a large block of 779 m2 and are strategically situated close to the University and the University Hospital. They are very central with great access to M1 Southport and Surfers hubs, this makes the location extremely popular for Tenants who also enjoy being within walking distance to Ashmore Shopping Centre. Public transport is right there.

The 3 free-standing dwellings are fully tenanted with fixed term lease in place..

1 x 5 Bedroom ($450 p/w)
1 x 1 Bedroom + Study ($360 p/w)
1 x 1 Bedroom + Study ($350 p/w)

Gross Income figure of $60,320.

This is a very rare offering in this location. Investors should to seriously consider the upside, all the hard work is being done, having 3 individual income streams (to level cashflow's), the opportunity to liquidate individually in the future, a (Gross) 6% plus return, all for less than 1 million dollars.
Whether it is for your superannuation or your children's future, finding a centrally located multi-income producing situation will always be in demand and therefore valuable.

Please contact us for full information pack.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective vendors, purchasers & tenants should make their own enquiries to verify the information contained herein.

Parking:

4 garage spaces and 1 carport space

Bedrooms:

7

Bathrooms:

4

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Suburb

Ashmore

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