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15 Quandong Street Ashgrove, QLD 4060

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15 Quandong Street,
Ashgrove, QLD 4060

Development Sites & Land

Price information

Sale

Over $800,000

Key property information

Land area

Car spaces

Property extent

NABERS

Map of 15 Quandong Street

Directions

Better than cash in the bank

We present a wonderful opportunity to acquire a cash flow investment in the blue-chip suburb of Ashgrove QLD generating a total annual income approx. $1,135 per week or $59,020 per annum.

Potential options are –
• Land bank and hold with approx. $59,000 per year current annual income.
• Update the unit interiors to increase rental return by $50-70 per week per unit.
• Raise the floor level to add car parking under the building and if combined with interior renovations could add around $100 per week per unit, subject to council approval.
• Demolish or Redevelop the site subject to council approval.

Accommodation - 5 X 1 Bedroom units on single title.
Land Size – 630sqm
Land Valuation as at 30 June 2019 - $570,000

Income -
Unit 1/15 Quandong
Leased till 21/11/19 @ $225pw
Tenant has been in property since 2012

Unit 2/15 Quandong
Leased till 09/10/20 @ $240pw
Tenant has been in property since 2014

Unit 3/15 Quandong
Leased till 9/3/20 @ $230pw
New lease siugned in September 2019

Unit 4/15 Quandong
Leased till 01/01/20 @ $200pw
Tenant has been in property since 2018

Unit 5/15 Quandong
Leased till 17/09/19 @ $240pw. Tenant will be vacating and changing over shortly.
Tenant has been in property since 2016

Total annual income approx. $1,135 per week or $59,020 per annum.
Rates – Approx $1255 per quarter or $5020 per year
Water – Approx $1000 per quarter or $4,000 per year

NB - The property did not flood in any recent flood season.
Boundary lines and sizes are approx.

Property ID: 503286606Last Updated: 21 Jan 2020

0412 *** ***
15 Quandong Street
Ashgrove, QLD 4060

Agency contacts

Prowealth - Paddington
Prowealth - Paddington
15 Latrobe Tce
PADDINGTON, QLD 4064
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Email enquiry

Daniel Goodwin

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Daniel Goodwin
Prowealth - Paddington
15 Quandong Street Ashgrove, QLD 4060

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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