67 King Street
Annerley, QLD 4103

Overview

INNER CITY, 12-BED UNIT BLOCK

This well-maintained block of units is positioned on a single title at 1-6/67 King Street, Annerley, presenting an excellent opportunity for savvy investors seeking a consistent cash flow from multiple investments. The property comprises six individual units, each offering two bedrooms, one bathroom, and one car parking space, all currently tenanted.

Located in the inner city suburb of Annerley, this property benefits from convenient access to public transport, hospitals, universities, shopping centers, and is within the catchment area for Brisbane South State Secondary College. The elevated 809 square meter parcel of land captures city views and is zoned BR 4, suitable for residential use.

The unit block is constructed with cavity brick and has been well maintained, offering a 'sit and forget' investment opportunity with potential for upgrades to increase income and property value. Each unit features a larger-than-average layout, including generous living rooms, eat-in kitchens with space for oversized dining tables, and private balconies. Both bedrooms in each unit have built-in wardrobes, and the bathrooms include a shower, vanity, and separate toilet.

The oversized lock-up garages provide internal laundry facilities and ample storage space. The combined rental income from all six units is currently $136,240 per annum, with individual unit rents ranging from $410 to $480 per week. These rents are below current market rates, with expected rental returns on renewal estimated between $550 and $580 per week, potentially increasing the total projected rental income to between $171,000 and $180,000 per annum.

This property is ideal for investment under a self-managed superfund or for those looking to secure a long-term asset for their family's future. Opportunities like this, offering multiple tenancies under one roof in a sought-after location, are rare.

Location Highlights

• Elevated 810 square meter block with city views
• Situated within an educational precinct
• Within the catchment for Brisbane South State Secondary College
• Walking distance to Junction Park State School, St Ita's Dutton Park, Mary Immaculate Primary School, and Our Lady's Secondary College
• Close to bus stops providing quick access to the city
• Moments from Buranda Shopping Centre, restaurants, and cafes
• Easy access to PA Hospital, Mater, and Greenslopes Hospitals
• Nearby Green Bridge for cycling access to the University of Queensland and bus routes to QUT
• Convenient freeway and tunnel access connecting to the airport and northern Brisbane
• Located within 4 kilometers of Brisbane CBD

Disclaimer: This property is being sold by auction or without a price guide, so a specific price cannot be provided. The information has been prepared with care but prospective purchasers should verify all details independently.

Location