17 Clegg Parade
Newmarket, QLD 4051

Overview

SUPERIOR UNIT BLOCK - POSITION PERFECT

This superior unit block is gently elevated and immaculately presented, situated in a quiet cul-de-sac designed to capture cooling breezes and attract quality tenants. The complex comprises four one-bedroom units, ideally located within easy reach of Newmarket Station, approximately 350 metres away, as well as Victoria Park (Olympic Stadium), Suncorp Stadium, and the Brisbane CBD. This prime location contributes to an exceptionally high occupancy rate, making it an attractive investment opportunity.

Currently fully let, the property generates an annual return of $81,640, with strong potential to increase rental income to $100,880 per annum, equating to approximately $485 per week. This represents a potential gross return of over 5%, appealing to astute investors seeking capital growth and reliable returns. A tenancy appraisal is available upon request.

The units feature highly polished flooring and relatively new kitchens and bathrooms, enhancing their appeal. Each unit benefits from under-building individual parking spaces and a laundry facility, adding convenience for tenants and further supporting tenancy demand.

This entire unit block represents a quality offering in a sought-after location and is expected to attract significant interest. An information memorandum is available for interested buyers. Inspections are available by private appointment with 48 hours' notice to the tenants.

Change History

Location