1-3/20 Madden Street Albion, QLD 4010

Auction
Saturday the 18th of October at The Calile Hotel From 8:30am !!

An exceptional opportunity to secure your future, this rare whole-unit complex comprises three strata-titled apartments on an elevated 607sqm site just 5km from the CBD. Generating an outstanding annual income of $119,600, the fully tenanted property presents an ideal addition to your investment portfolio or superannuation fund with substantial long-term capital gains. Featuring two 2-bedroom, 1-bathroom units and a top-floor 3-bedroom + study residence, the building offers a range of options for buyers, with the potential to continue renting the entire complex or reside in one unit and rent out the others.

Offering terrific long-term potential, the LMR-zoned block enjoys a prized north-south aspect, elevated city and mountain views, and scope to enhance or redevelop in the future (STCA). Situated in a quiet Albion street, this burgeoning lifestyle location presents sensational living. Albion train station, bus routes, and dedicated bike paths provide excellent transport infrastructure, cafes, restaurants, and craft breweries are all within walking distance, and buyers will benefit from the new precinct planned for Crosby Park.

Perfect for professionals, families, and hospital workers, with proximity to the CBD, RBWH, and top schools, endless convenience awaits in this central locale.

Property features include:

• Individually Strata-titled
• Fully tenanted with gross rental returns of $119,600 per annum
• 2x 2 bed, 1 bath units and 1x top-floor 3 bed + study unit
• Generous lock-up garages and storage for each unit
• 9 car spaces in total
• Elevated 607sqm block with a north-south aspect
• Perfect orientation with city and mountain views
• LMR zoning and redevelopment potential (STCA)

Location features include:

• 500m to Albion train station and 5km to the CBD
• 3km from the forthcoming 2032 Olympic precinct
• In the Eagle Junction State School catchment
• 3.5km to RBWH and close to top private colleges
• Walk to cafes, restaurants, breweries and Crosby Park
• Nearby shopping at HomeCo, Sandgate Rd and Racecourse Rd

Contact Nick Kouparitsas on 0406 564 619 or Claudia Rocha on 0413 939 470 for more information or to arrange an inspection.

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.

*This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for website functionality purposes