Unlock the potential of this solid block of 5 units, strategically located in a thriving area with limitless possibilities for redevelopment! This is the perfect secure investment for savvy investors.

Property Highlights:
– 5 Units: Each featuring 2 bedrooms, 1 bathroom, and 4 with a dedicated car space. The internal photos used are of unit 5, this unit sits at the back of the block up one level of stairs and has a large open concrete space underneath.
– The building was built approx 1980’s
– Secure Returns: Long-term tenants already in place, 1 of which has been a tenant for over 20 years.
– Huge 1,012m block ripe for redevelopment, just take a look around at the neighbours’ redevelopment
– This property has not been affected by flood.
– One Title – One Income

These units are located under one roof and are returning $1510 per week with an opportunity to further increase rents if improvements to the units were carried out as many units are leased at under-market value.

Unit 1 – Lease expiry 01.02.2025 $250pw
Unit 2 – Lease expiry 22.10.2025 – $320pw
Unit 3 – Lease expiry 30.10.2025 $300pw
Unit 4 – Lease expiry 14.02.2025 $320pw
Unit 5 – Lease Expiry 22.01.2025 $320pw
– Outgoings, council rates approx $1900pq, Water rates $1700 pq

Area Highlights:
– Riverlink Shopping Centre – 500 m
– Bus Stops (multiple routes) – 250 m
– Queens Park – 1.5 km
– Ipswich Grammar School – 1.3 km
– Ipswich Hospital – 2 km
– West Ipswich Train Station – 1.2 km
– Brassall Shopping Centre – 3 km
– Silkstone State School – 1.8 km
– Riverwalk Park – 800 m

This property offers immediate cash flow and significant future potential in a rapidly growing market. Don’t miss your chance to capitalize on this outstanding investment!