14 Kennington Road, CAMP HILL QLD 4152

This is an opportunity not to be missed…an elevated 959sqm site with an existing block of flats and TWO street frontage. Currently returning an income from the original condition THREE x two bedroom and THREE x one bedroom units but has full DA Approval already in place for TEN luxury apartments complete with Gateway and Bay views, Rooftop Terrace, enclosed car parking and security gates. The units that are currently tenanted are all on periodic leases with unit 4 and 5 being vacant. Summary of Finances on Current Block of Units • Current rental income approx $54080.00 ($1040.00pw) with upside to renovate and significantly improve • Rates approx $2214.30 per quarter • Insurance approx $4183 per annum • Water approx $8817 per annum This rare offering in the highly sought after suburb of Camp Hill ticks all of the boxes when shopping for your next project with dual access from both Old Cleveland Road and Kennington Road, this LMR zoned site has a generous 25m frontage and all the necessary documentation and paperwork has already been completed for you. The demand for BRAND NEW units in Brisbane though is only growing stronger and in a location as desirable as Camp Hill you will have no end of success at the other end with the completed development. Whether your plans are to retain and rent or complete and sell, this is a proposal that is too good to miss. Take advantage of the market growth and demand for property as the Olympics grow nearer and jump on this opportunity now before the chance disappears. Westfield Carindale is only a short drive away, servicing all your retail needs while Woolworths Camp Hill offers easy grocery shopping. It is close to leafy parks, golf clubs, swimming, gyms and more for an active lifestyle. It is surrounded by quality schools, including San Sisto College, St Martins, and is in the catchments for Whites Hill State College and Camp Hill Primary School. It is seconds from bus services to the CBD and surrounding suburbs, major motorways, the city and Brisbane Airport. Disclaimer: We have in preparing this advertisement used our best endeavours to ensure the information contained is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement