1-6/45 View Street, Wooloowin QLD 4030
Type of Property: Apartment
Reason for Purchase: Investment Property
Address: 1-6/45 View Street, Wooloowin QLD 4030
Five investors were all looking for sub $400,000 investment properties in the opportunistic Brisbane market. To achieve an even greater under market price, they each purchased within one whole block of six units with one party buying two within the complex. Each unit was individually purchased for $342,500, all north facing with tenants currently paying between $330-350pw. They now have full control of the land and site.
About the Property:
The entire complex was perfect for a long term investor. A rare opportunity to acquire an entire complex of 6 x 2 bedroom apartments in a prime residential location. On offer were six individually titled apartments for sale “in one line”. The property commands an elevated North facing position in a quiet tree lined street and is within close proximity to major transport hubs including Brisbane Airport and Trade Coast business precinct and regional shopping facilities.
Constructed in 1988 and meticulously maintained, the complex offered our investors two generous apartment layouts incorporating two built in bedrooms (master with ensuite), large kitchens, open planned living areas and spacious balconies. The property was ideally suited to a passive investor as it is relatively self-contained. It also represented an opportunity for a syndicate to acquire a holding which offers the flexibility to divest individual lots over time or apportion to shareholders, if required.
Without doubt, this property affords an informed investor the opportunity to secure a quality, long term flexible investment in one of Brisbane’s highly sought and proven growth centers.
- 6 x 2 bed apartments with 8 resident garages and 3 visitor car spaces
- 2 functional floor plans of generous proportions
- Land area 809m2, Zoned LMR Res BR4
- Meticulously maintained complex with recent upgrades
- Highly sought location close to city rail and premier schools
- Two security foyers with intercom access