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Perfect Cash Cow or Incredible Renovation Project
- 4 Beds
- 4 Baths
- 4 Cars
This property is being offered on a purely off-market basis to our valued clients.
Situated in blue chip Ascot, just metres from a plethora of cosmopolitan cafes, restaurants, transport and some of the best schools in Queensland, this converted Queenslander is currently operating as three registered flats, returning approximately $60,000 per annum.
Offering an abundance of character throughout, this elevated pre-war character home would make the perfect yielding investment or canvas to build your dream home. From the soaring, pressed metal ceilings, original VJ's and large volumes, this property just 6kms from the CBD is located on a 635sqm parcel of land.
The property is currently leased as follows:
Flat 1 - largest apartment with courtyard, recently rented for 12 years, most recently at $510 per week - currently being renovated for re-letting
Flat 2 - rear courtyard apartment currently rented for $320 per week
Flat 3 - front apartment currently rented for $300 per week
This property offers you so many choices:
- Continue to lease all three flats for well over $1100 per week;
- Reside in the main flat and enjoy passive income from renting the other two;
- Combine the property to create your dream home
Opportunities such as 16 Butler Street, Ascot are very rare and should not be missed. Make your enquiries today as this will not last.
- Air Conditioning
- Built-In Wardrobes
- Close To Schools
- Close To Shops
- Close To Transport
635m² / 0.16 acres
4 garage spaces
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