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House

25 Sweetman Street Paddington, QLD 4064

Sold on 31 Mar 2017
  • 8 Beds
  • 4 Baths
  • 4 Cars
Agents

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House in Paddington

Cash Cow Renovate or Develop

  • 8 Beds
  • 4 Baths
  • 4 Cars

This rare opportunity is not to be missed. A block of four (4) flats on an expansive 1234m2 near level block on the doorstep to the city is an exciting investment.

The income producing spacious flats are two (2) bedroom with fans, have their own bathrooms and boast open plan living dining areas with functional kitchens.

Tucked away in a quiet cul-de-sac position in prestige inner city Paddington where shops, cafes, restaurants and Suncorp Stadium are in easy reach this property is a little gold mine.

Offering options to the investor there is scope for further improvement renovate and add value or redevelop this site to multiple dwelling townhouses (subject to council approval). There is a solid holding income of $450pw per flat while exploring the future. With the Queensland University of Technology nearby the property works for casual letting or student accommodation.

Features:

  • 4 x 2 bedroom flats
  • 1234m2 of land
  • A host of amenity in easy reach

This property is a must for the savvy investor. Owner instructions are very clear we are selling at Auction 6.30pm Thursday 30th March at Darling & Co Paddington.

Parking:

4 garage spaces

Bedrooms:

8

Bathrooms:

4

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Suburb

Paddington

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