60 Araluen Street, Kedron QLD 4031

Affordable Cash Flow Investment

Under Offer
4
3
3

We present a wonderful opportunity to acquire a cash flow investment of 3 units on one title on a 678sqm block in Brisbane’s upcoming northern suburb of Kedron.

Generating a total annual income of $780 per week or $40,560 per annum. A great location, close to Chermside Westfield, easy access to ICB, Clem 7, CBD and close to public transport.

==PLEASE VIEW THE VIRTUAL TOUR==
Inspections are external only until under contract which will be subject to internal inspection.
The virtual tour provides a comprehensive look at all units.
Any open home times shown are EXTERNAL inspections only.

Potential options STCA could be –
* Land bank and hold $40,560 per year current annual income.
* Update unit 3 interior to increase rental return by approx. $60-70 per week.
* Knock down and rebuild new million dollar home – several examples in the street.

Accommodation –
Built 1970
2 x 1 Bedroom, 1 bathroom, 1 car space units.
1 x 2 bedroom, 1 bathroom, 1 car space unit.
Land Size – 678sqm
Land Valuation as at 30 June 2020 – $590,000
Dimensions – 16.2m frontage, 42.6m deep.

Income Breakdown –
Unit 1
2 bedroom, 1 bathroom, 1 car space, fully renovated kitchen, bathroom and living areas with split system air conditioning.
Leased till Dec 2020 @ $295
Been in property since Feb 2020.

Unit 2
1 bedroom, 1 bathroom, 1 car space, fully renovated kitchen, bathroom and living areas with split system air conditioning.
Leased till Feb 2021 @ $275pw
Been in property since Feb 2020.

Unit 3
1 bedroom, 1 bathroom, 1 car space, un-renovated original kitchen and bathroom.
On periodic lease @ $210pw
Been in property since 2015.

Total annual gross income approx. $780 per week or $40,560 per annum.

Rates = Approx $2088 per year
Water = Approx $600 per quarter or $2,400 per year
Property Management Expenses approx = 6% per year or $2,433
Net Income approx = $33,639

Properties are separately metered for gas, electricity and NBN but not water.

Street View
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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Under Offer
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3
3
Property Features
  • Block Of Units
  • 4 bed
  • 3 bath
  • 3 Parking Spaces
  • Land is 678 m²
  • 3 Garage