5 Villa Street, Annerley, QLD 4103

A unique long-term substantial land holding generating high returns and landbank opportunities, this 11-unit complex forms an excellent investment on 1,012sqm close to transport and the CBD.

Currently returning circa $200,000 per annum on conservative rents, your new investment will continue generating strong returns in its current condition, or buyers can increase their income by performing minor cosmetic renovations, with potential to boost market rents at circa $220,000 per annum.

With added options to strata title, sell off the units individually, or redevelop the site (STCA), this holding offers endless possibilities for value increase now and in the future.

The 11-unit configuration features 1x studio, 8x 1 bedroom and 2x 2 bedroom apartments, each with comfortable living, a functional kitchen, a balcony, a bathroom, and carport parking. The elevated position harnesses city views from some units and scenic outlooks over the suburbs.

Maximising your investment, this location offers convenience just 14 minutes from the CBD. Popular cafes, restaurants, takeaways, Friendly Grocer, a medical practice and local stores are less than 150m away, and the property features immediate access to bus stops and Ipswich Road for easy travel.

Yeronga Memorial Park is only 150m from the building, offering picturesque recreation space with sporting clubs, playgrounds and the local pool. Premier education facilities are also nearby, with Edge Early Learning, Mary Immaculate and Our Lady's College 500m away, and children are in the Yeronga State School and Yeronga State High School catchments.

Property features include:

- 11-unit complex positioned on a 1,012sqm allotment

- Total 13 bedrooms, 11 bathrooms, 14 car spaces

- 1x studio, 8x 1 bedroom, 2x 2 bedroom units

- Elevated position with city views from some units

- Current Returning Income of circa $200,000 on conservative rents

- Immediate Upside Potential of estimated market rents at circa $220,000 per annum

- Potential to increase rental income further with minor refurbishments and minor cosmetic renovations

- Ideal holding investment or potential to strata title and sell off individually

- Added potential to redevelop the site (STCA)

- Landlord takes care of insurance direct

- Walking distance to transport, shops, dining and Yeronga Memorial Park

To obtain an Information Memorandum, please contact Harry Kiss on 0422 188 616.

This property is being sold by auction or without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes.

We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, however accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.

Some images in this listing have been virtually staged to illustrate potential furniture placement and d?cor options. These images are for illustrative purposes only, and actual furnishings are not included with the property. Prospective buyers should verify property details during their viewing.