5 & 7 Clarence St - Auction Information

Property Description

 

 

Property Description

A Great place to invest, a wonderful location with access to almost everything.

The inner-city suburb of South Brisbane is the place to be seen and is one of Brisbane`s most vibrant and dynamic inner-city suburbs.

 Here sits your opportunity to secure a very special piece of real estate and guarantee your family’s financial future.

Situated in the Brisbane State High catchment area, and close to other well regarded private/public state primary and high schools, Queensland University of Technology and University of Queensland via the Green bridge, hospitals and public transport, this property allows you to become part of the bustling inner-city lifestyle of cafes, restaurants, music and fashion that this suburb provides.
 

5&7 Clarence Street comprises of 2 adjoining properties on 2 separate titles each parcel being approximately 425sqm, total offering 850sqm.

5 Clarence Street comprises 4 flats 2x2 and 2x1 and is currently returning approximately $55,600.00 per annuum with a very low vacancy rate. A side easement provides easy access to the rear of the property.

7 Clarence Street comprises 3 flats 2x2 bedrooms and 2x1 bedrooms and currently returns approximately $40,560.00.

Please note that both properties have off street parking.

This location being in the heart of one of Brisbane`s finest Medical precincts does offer the prospective purchaser many considered options (subject to relevant approvals).

Take advantage of the high demand for inner city rental property and enjoy the rental return with an abundance of opportunities to value add.

Or convert either one of the properties into a substantial family home once more, then move in and take pleasure in the endless lifestyle opportunities of South Brisbane, Highgate Hill along with the surrounding suburbs; the excitement and cultural facilities of South Bank Parklands, knowing that West End, Woolloongabba and the CBD are only minutes away.

The Brisbane CBD and Southbank Parklands doesn’t get much closer along with transportation and some of Brisbane’s finest schools.

Nearby is Brisbane's Cultural Centre with the Queensland Art Gallery, Gallery of Modern Art, Queensland Performing Arts Centre, Queensland Science centre and State Library of Queensland. You'll see theatre goers racing for an early table at one of the many dining venues pubs or clubs before a musical or play.

Consider your options and view this opportunity now.

 

600

600

Other Relevant Information

Tenant Information

The 2 properties currently bring in approximately $96,000 per annum providing a fantastic return on the investment.

Rates Notice

 

5 Clarence St, South Brisbane

 

7 Clarence St, South Brisbane

 

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