3 Hampstead Road, South Brisbane, QLD 4101

First time offered! Come and inspect this very rare opportunity to buy an iconic un-strata titled block of flats in a central South Brisbane/Highgate Hill position a close walk to everything. ** Inspections available mid week and Saturday by appointment.

The property provides a stable proven cash flow with long term tenants, has impressive layout and dimensions, plenty of natural light and cross ventilation, and is the perfect blank canvas for a savvy investor to renovate and add value.

Attractive features include:

- 6 Units: 4 x 2-bedroom 1 bathroom + 2 x 1-bedroom 1 bathroom

- Art deco features throughout with very high ceilings, timber floors and windows, large room sizes and design

- Tidy kitchens and bathrooms with scope for improvement

- Each unit has a separate dining room in addition to spacious living areas

- All 2 bedrooms come with an enclosed study room/sleep out

- Top floor 1 bedroom comes with large balcony with northern elevated aspect

- Separate toilets from the bathrooms

- 2 garages and extra space around the building to create additional parking

- Currently rented at $155,000pa with scope to increase with renovation

- Level block for easy landscaping

- Downstairs common laundry room

- Back door access to all units

The complex is a short walk to West End?s Boundary St caf? strip, South Bank, Mater Hospital, bus, Citycat, Musgrave Park, opposite Brisbane State High school, and minutes from the CBD and Universities.

Carmel Court has been recognised as an iconic part of Brisbane's heritage. Any improvements and renovations can be done to the property in keeping with Council guidelines.

Properties like this don?t come up often, be quick. Email me for an information memorandum detailing lease information and expenses.