For Sale By Owner: Gladstone Central, QLD 4680

1-5/70 Glenlyon Street, Gladstone Central, QLD 4680

Vendor Details: 0488 847 018 Enter Phone Code 58202 when prompted.
Block of Units
hotel10
hot_tub5
directions_car5
Price: $799,000
Vendor Details: 0488 847 018
Enter Phone Code 58202 when prompted.

Block of 5 Fully Furnished units in CBD.

The Phone Code for this property is: 58202. Please quote this number when phoning or texting.

An exceptional opportunity for investors to own a boutique block of apartments with solid returns and redevelopment potential.

This complex offers 5 well presented two bedroom units within the Gladstone CBD.

Each unit has 2 bedrooms with ceiling fans and building wardrobes, living/dining with A/C, kitchen, bathroom, internal laundry and big balcony with views.

All apartments are Fully Furnished.

All units are rented and currently returning $1,200 per week / $62,400 per year with potential for increase.

- NO electricity bill to pay as common areas has solar lighting
- Council Rates and water are approx. $9,800 per annum for the whole block
- NO Body Corporate fees and NO Strata fees to pay as you are the owner off the whole building and you are the boss.

The block is on one title but if you wish you can Strata Title the units (STCA) and sale them separately.

Has redevelopment potential as is situated on corner block with two street access and zoned Mixed Use which allows up to 6 levels (STCA).

The complex is located within a short stroll to shops, banks, schools, parks, swimming pool, marina, restaurants, cafes and Gladstone Yacht Club

Whether you are purchasing an income producing investment, looking for a business opportunity or holding for potential re-development in the future, this property will be excellent addition to your portfolio.
Don't Miss This Rare Investment Opportunity!

The information provided is for use as an estimate only and potential purchasers should make their own inquiries to satisfy themselves of any matters.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property Features
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Land Area: 750 m2
Carports: 5
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