15 Quandong Street, ASHGROVE QLD 4060

Better than cash in the bank

Over $800,000
5
5

We present a wonderful opportunity to acquire a cash flow investment in the blue-chip suburb of Ashgrove QLD generating a total annual income approx. $1,135 per week or $59,020 per annum.

Potential options are –
• Land bank and hold with approx. $59,000 per year current annual income.
• Update the unit interiors to increase rental return by $50-70 per week per unit.
• Raise the floor level to add car parking under the building and if combined with interior renovations could add around $100 per week per unit, subject to council approval.
• Demolish or Redevelop the site subject to council approval.

The property is for sale now. Contact us for a full information package.

Accommodation – 5 X 1 Bedroom units on single title.
Land Size – 630sqm
Land Valuation as at 30 June 2019 – $570,000

Income –
Unit 1/15 Quandong
Leased till 21/11/19 @ $225pw
Tenant has been in property since 2012

Unit 2/15 Quandong
Leased till 09/10/20 @ $240pw
Tenant has been in property since 2014

Unit 3/15 Quandong
Leased till 9/3/20 @ $230pw
New lease siugned in September 2019

Unit 4/15 Quandong
Leased till 01/01/20 @ $200pw
Tenant has been in property since 2018

Unit 5/15 Quandong
Leased till 17/09/19 @ $240pw. Tenant will be vacating and changeover immient.
Tenant has been in property since 2016

Total annual income approx. $1,135 per week or $59,020 per annum.
Rates – Approx $1255 per quarter or $5020 per year
Water – Approx $1000 per quarter or $4,000 per year

NB – The property did not flood in any of the prior flood seasons.
Boundary lines and sizes are approx.

Street View
Real Estate Agent
Daniel Goodwin
Daniel Goodwin
Chief Executive Officer
0412 656 600
1800 13 22 64
A key influencer in the Property Investment industry, Daniel Goodwin brings a wealth of experience to the Prowealth team as the Chief Executive Officer. Daniel’s a licensed real estate agent in Queensland and New South Wales, has a Degree in Business from the University of Newcastle and a Diploma of Financial Planning. He is the author of the best selling book '10 Secrets of Professional Property Investors', and sits on the Board of Directors of companies within the Prowealth Group. Highly knowledgeable of market trends, Daniel is a regular speaker/commentator on real estate topics. If you’re about to invest in property you can rely on Daniel's advice.
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Over $800,000
5
5
Property Features
  • Block Of Units
  • 5 bed
  • 5 bath
  • Land is 630 m²