59 Lothian Street

Annerley QLD 4103

All four apartments are currently tenanted with long term tenants in place. Blocks this close to the city are hard to come by.
The block is in excellent condition inside and out. It has been freshly painted and all the units are clean and well maintained.

Features include:
Each apartment is air conditioned and has ceiling fans
2 x 2-bedroom apartments, both with long term tenants on 2-year leases.
2 x 1-bedroom apartments one is renovated and the other is neat and tidy with a
tenant who has been there for 10 years.
The property generates $61,100 in rental income each year.
There is space to potentially add 2-4 more apartments on the vacant land.
All the units are individually metered for power.
Communal laundry with washing machine included.
Walking distance to Annerley High Street including a large Woolworths and cafes.
A few minutes drive to the M1 on ramp and Greenslopes Private Hospital.
Walking distance to Junction Park State School, Annerley library, doctors, church etc.
Low maintenance, landscaped garden
Overall, this property is ideal for someone wanting constant gross investment yield of
around 5%.

COVID-19
We are committed to the health and safety of our customers and staff, and their families. There can only be a maximum of 10 people (excluding the agent) in the premises at any time. Please also ensure that you follow social distancing measures and keep 1.5m away from each other.

Disclaimer: We have in preparing this disclosure used our best endeavors to ensure that the information contained herein is true and accurate. No responsibility will be accepted for any and all liability in respect of errors, omissions, Photos, inaccuracies or misstatements. Buyers are responsible to carry out their own research.