Sit and Forget
The rental market has improved recently thanks to a combination of factors. This along with low interest rates makes this property very appealing at 5.9% (approx) gross rent return, however, return alone isn’t enough for us, we always want more! Also attractive here is it is in better condition than most similar product, sits on over 700m2 of LMR land, has a few development options (noting they don’t stack for immediate development) and is in an excellent location, being a short walk to busway and only 4.4km as the crow flies from the heart of the CBD. This property consists of a Queenslander converted to four flats and returning $65k pa approx. Buyers at or just over $1.1m to simply buy, sit and forget.