222 Stafford Road STAFFORD, QLD 4053

This is a rare one! Positioned a 632m2 block {25p} on Stafford Rd you will find this entire block of units for sale.

Consisting of:

1 penthouse style 4 bedroom top floor apartment
2 by 2 bedroom units
1 by 1 bedroom unit

All the units are strata titled and being sold as a complete block. The condition of the units are excellent and all feature large bedrooms, neat and tidy kitchens and bathrooms along with fresh paint. The top floor 4 bedroom apartment could easily be re-configured back into 2 by 2 bedroom units to increase the return or number of units in the block. All are currently rented out and return in total $5,070 per month.

Your options are limited only by your imagination. You could buy the block, live in the top floor apartment and use the rent from the other units to pay off your mortgage. You could rent out the entire block and get a better return and long term gain as opposed to your super. Or redevelop the entire block, renovate each of the units with brand new kitchens and bathrooms, render the outside, re-configure upstairs and then resell them individually.

Remember the units are already strata titled so there is no council approval required if you wanted to sell them off individually immediately or over time. Rarely do entire blocks like this become available and when they do they normally don't last long! All are currently rented out, with the last lease ending in January 2011 so you can continue getting a return while you way up your options or get council approval for a re-development.

Overview:

Unit BR's Rent Lease End

Unit 1 1 $230 p/wk 03/09/10
Unit 2 2 $290 p/wk 07/06/10
Unit 3 2 $280 p/wk 04/06/10
Unit 4 4 $370 p/wk 18/01/11

This block is positioned within walking distance to Stafford City Shopping Centre, within metres of restaurants, public transport and schools while being only 8Kms to the heart of the City. The owners are considering a sea change and are now looking at all offers, so don't delay, phone Alistair Macmillan TODAY on 0410 636 221 to get extra photos and floor plans of all the units.