Spacious complex in excellent position walk to several schools such as Mundingburra State School, St Joseph's School, The Cathedral School of St Anne and St James, Pimlico State High School and The Barrier Reef TAFE College. In close proximity to several shopping centres, Kokoda swimming pool and the river. Set on a huge 994 sq.m block with room to add an additional dwelling at the rear of the complex (STCA). Comprising two spacious units very solidly built and with a combined earning capacity of between $550 and $570 per week and offering solid capital growth, a regular income and generous tax breaks. Now is the time to invest in real estate. UNIT1:- Currently rented at $250 per week, with an excellent tenant in place until October 2014. Air-conditioned and tiled throughout. 3 bedrooms (two built-in), good kitchen and bathroom, and internal laundry. UNIT 2:- Beautifully renovated as new. Open plan, air-conditioned, three bedrooms (2 built-in). Brand new kitchen, new bathroom, new floor coverings, lights, fans, drapes and air-conditioners. Internal laundry. Currently vacant would rent between $300 and $320 per week. The units are security screened and fenced, and would provide an excellent income or a fabulous new home in unit 2, with a constant income from unit one. Why pay rent? Phone now for an inspection.
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