57 Dixon Street Auchenflower QLD 4066
Block of 5 flats on 895sqm with great returns & potential to increase income!57 Dixon Street, Auchenflower
**Car access via corner of Burt & Dowling Street**
Owned by the current owners for the last 33 years is this fantastic investment opportunity in the heart of Auchenflower.
With last years’ rental returns just shy of $90,000 gross, this property has never disappointed its owners.
A history of low vacancy and long-term tenants is due to this ideal location, being a 4 minute walk from Auchenflower train station, a 4 minute walk to the closest city-bound bus stop, 5 minutes to The Wesley Hospital and only a 10 minute walk to the Regatta CityCat.
- Zoning: LMR2. With traditional building character overlay
- Built prior to 1946
- Elevated & breezy position
- Safe bike and pedestrian access to Coronation Drive riverside bikeway
- Each self-contained flat has own kitchen, bathroom & is partly furnished
- Own internal laundry in each flat, (except flat 2&3 share a secure laundry)
- Individually metered gas & electricity
- 2 entries/exits to each flat
- The owners have just recently taken advantage of the flexibility provided by Airbnb for Flat 4, and have already enjoyed an increased income
- Low maintenance gardens
- 3 flats have renovated kitchens with 2pak cupboards & granite benchtops
- Car spaces not allocated but room for more than 5 cars
* Gross income:
Rents Financial Year ending June 2016 Current rent/week
#1/57 $16,750 1bed $330
#2/57 $18,720 2bed $360
#3/57 $16,215 1bed $295
#4/57 $17,810 2bed +study. Previously rented at $378
#5/57 $20,280 2bed $390
= $89,775 per annum
- Insurance. $3145.75 per annum (Public Liability =$20million)
- Water & sewerage. $1,200/qtr
- BCC rates. $919.76/qtr
- Electricity for communal areas. $128 last qtr.
= $12,136.79 per annum
- Auchenflower train station- 350m
- Bus stop to Brisbane CBD- 290m
- Regatta CityCat- 1km
- The Wesley Hospital- 450m
- Brisbane CBD- 4kms
A great addition to your SMSF. Inspect now, better than money in the bank!
- No inspections scheduled
- Contact Agent
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Real Estate For Sale in Auchenflower, QLD 4066 priced between $1,100,000 and $2,000,000