4 Lancewood Street Algester

Investor Dream.. Better Than Bank Returns!

3 UNITS -- ONE TITLE -- 911M2 BLOCK -- NO BODY CORP -- ZONED LMDR -- EXCELLENT LOCATION

Presenting an unmissable opportunity for savvy investors this unit complex on a huge single title, LMDR zoned, 911m2 block is the perfect buy for future growth & investment. Our vendor has tightly held this complex for over 31 years due to solid returns & is now offering this rare chance to one lucky buyer.

Literally a stone's throw from shops, cafes & transport & a short walk to 2 primary schools, this solid opportunity with no body corporate fees currently provides a combined rental income of nearly $45,000 per annum with potential to increase it to market values up to $48,000 pa.

Consisting of 3 x 2 bedroom, 1 bathroom brick & tile units, with a shared laundry & covered carport accommodation for 3 cars, this rare offering with complete accessibility & every convenience close by is an investment you'll never regret.

Delivering the scale, size & location required for a strong long term investment or development opportunity of subdividing is hard to find. For the astute investor looking for a great residential investment in a prime location, this could be one of the best opportunities you will see this year.

Current Banking returns & the effects of the Pandemic have shown small blocks of residential units to be safe havens for investment. This one is bite sized & will provide the new owners with the opportunity to receive decent returns on their outlay. You could live in one & rent the others out or even strata the complex if you wish.

If you're looking to make your next investment that will provide strong rental returns and capital value growth in one of Brisbane's best outer southside postcodes, inspect at the next open home.

********** PLEASE NOTE *************This property is being sold by Auction therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.

*******COVID19 PROCEDURES**********
Due to the COVID-19 pandemic, we have put in place precautionary measures to ensure the safety of all staff members & the public. Please ensure you arrive at the inspection on time to avoid missing the allocated inspection time slot.

******* IMPORTANT REMINDER ********
Please refrain from touching any surfaces, door handles etc during your inspection. Whilst at the inspection, you must practice safe social distancing by allowing a 1.5m space between yourself and others.

PLEASE DO NOT ATTEND INSPECTIONS IF YOU ARE IN ANY WAY UNWELL OR IF YOU HAVE BEEN IN CONTACT WITH ANYONE THAT IS UNWELL. IF YOU SHOW ANY SIGNS OF ILLNESS YOU WILL BE REFUSED ENTRY.

Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.