INVESTMENT/REDEVELOPMENT OPPORTUNITY
- Blue Chip Location under 1.5kms to CBD
- Strong Rental Return / Fully Registered
- 359m2 site / potential for redevelopment
This iconic freehold 2 level boarding house and retail shop on Wickham Street, Fortitude Valley represents an exceptionally unique opportunity to acquire an ideal investment property within 1.5 km from Brisbane’s Central Business District.
Situated in the heart of Fortitude Valley this registered 2 level boarding house, boasts 14 rooms with communal laundry, bathrooms and kitchen facilities. The property is fully tenanted and benefits from a strong rental return from both residential accommodation and the retail café facing busy Wickham Street.
With its prime location, two street frontage to both Wickham Street and Knapp Street, this property has an abundance of lifestyle convenience to be enjoyed from a “walk everywhere” address that will undoubtably appeal to an astute purchaser.
In summary, the property offers:
Blue Chip location
Less than 1.5 km to Brisbane’s CBD
359m2 land
Strong Rental Return
14 tenanted rooms
80m2 (approx) retail cafe
Fully registered and compliant
Low Vacancy
Moments to City Cat, buses and shopping
Adjoins Homemaker City North
Gross Annual Income $143,180 *
Offers to Purchase Close at 4:00pm on 25 July 2019
Remember to mention you found this property on DevelopmentReady
