Lutwyche

28 Wellington Street

Sold

7

6

Land Size: 1115 m² approx.

6 FLATS - Potential for 3 lots 1115m2

On the market for the first time in over 40 years, this property holds appeal for investors or developers (subdivision potential).

The property offers an outstanding opportunity for the astute buyer to buy in the much sought after area of Lutwyche. The property is conveniently located within immediate access to Lutwyche City Shopping Centre (now undergoing a $40 million renovation).

Also close is local parks, Kedron Brook, Brisbane airport, public transport and the CBD is only a short 5.5km away.

Features include:
- Large 1115m2 'RES A' block
- 6 flats (5 x 1 BRM + 1 x 2 BRM)
- Already on 2 lots (potential for 3 lots)
- Currently returning $1,145 per week ($59,540 per year)

Collect the rent of $1,145 on a weekly basis as is OR renovate the existing flats and improve the income potential... the choice is yours.

Call John Savoca on 0412 673 352