1/54 Beverley Street

Morningside QLD 4170

Accommodation: This single level unit block is an absolute gem with its recent external upgrades and with 2 units being total renovated. This property not only offers a steady cash flow for a SMSF purchaser, but also the opportunity for a developer to update and then sell off each unit individually (subject to meeting necessary Body Corporate requirements).
The current gross rental yield across the three units is approximately $1215 per week (or approx $63,180 gross per year) with capacity for more with future renovations to unit 1.
Features: Alternatively an owner-occupier looking for a steady return could live on-site in the unit 2 and receive and income from the other two units.
At a glance 54 Beverley Street comprises 3 strata-titled units - named Arlington Court
* Unit 1 - 2 bed, 1 bath, 1 garage plus front courtyard still original but very neat
* Unit 2 - 2 bed, 1 bath, 1 garage plus front& back courtyard..brand new renovation.
* Unit 3 - 2 bed, 1 bath, 1 garage plus a large undercover courtyard newly renovated less than 6 months ago.
Arlington Court has been maintained by the original owner who has been very particular about standard of external works, the two internal renovations and the excellent tenancy record with little to no vacancy periods.
Please note that images shown are of Unit 3.
Additional feature/s - Close to Schools.