41 Gracemere Street, Newmarket  5 Beds | 3 Baths | 3 Cars

Sold for $740,000

Entire Boutique Block with Investment Essentials

Investors, SMSF and companies will be highly impressed with this boutique complex of three Flats that represents a value-packed opportunity earning excellent cashflow. The property is well appointed with some recent modern upgrades and all apartments are in great condition and currently tenanted.

This newly painted block is made up of two X 2 bed flats and a single bedroom Flat. All are in great condition with air-conditioned living spaces, polished flooring and modern gas kitchens. There is also underhouse garaging for each property, as well as a shared laundry and storage area.

The property sits on a large 627sqm level block with spacious front and back gardens that have been professionally maintained. It offers a superb income generating prospect with returns of approx $44,720PA and potential to increase revenue through renovation or further development (STCA).

Features include:
• Two X 2 Bedroom and One X 1 Bedroom Flats
• Fresh & bright interiors, one with a newly renovated kitchen
• Current annual income of $44,720.00
• Well-appointed throughout and presented in great condition
• A large 627sqm level block with spacious front and back gardens
• Underhouse garaging for each property plus laundry and storage
• Walk to Newmarket station, local schools, shops and Wilston village


Michael Mills
Sales And Marketing Manager
0407 963 824

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