**** Online Auction **** Bidder Registration Required Prior to Auction
Set on 821 sqm of land with 20.2m frontage in the prime location surrounded by buses, rail, Woolworths, shops, location business and education facilities, 9 Lyon Street presents a rare opportunity for both development and investment purpose.
Currently comprising five 2 bedrooms 1 bathroom and 1 lock up garage, the low maintenance building features cavity brick units that boosts 100% occupancy rates and a great rental return of $1410 per week ($73,320 per annum) with potential to drive further.
With only two types of floorplans, each floorplan boosts expansive living areas that are unusually larger than normal units.
- Type 1 – Unit 1 and Unit 2 downstairs
- Type 2 – Unit 3, Unit 4 and Unit 5 upstairs
The strata titled block provides flexibility to acute investor(s) to wrap up individual unit to leverage more returns from the capital improvement
- Moorooka Station – 650m
- Bus 116 / Bus 100 – steps away
- Woolworth Moorooka – 450m
- Yeronga State School – 3 min drive
- Yeronga State High School - 4 min drive
- Moorooka State School – 3 min drive 1.3km
- St Brendan’s Catholic Primary Moorooka – 3 min drive
- Brisbane Christian College Middle and Secondary –6 min drive
- More than 7 child care facilities within 6 min drive
- Current rental return: $73,320 per annum
- Full vacancy rate in high demand area
- Strata titled, cavity brick complex
- large 2 bedroom units with huge open plan and 2 big sized bedrooms.
- Each room has built-in robe and large mirror (the built-in robe in main bedroom is incredibly large)
- Low maintenance. Individually spoke to each tenant very recently and no big maintenance issues were reported by tenants
- Lock up garage
Within 8KM to Brisbane CBD area, such low maintenance cavity brick property positions in the great pocket area of Moorooka with close proximity to public facilities, thereby delivering a great investment potential with secured rental income and development potential. Owners commit to selling and invite offers prior to Auction.