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Block of Units

1-6/74 Norman Drive Chermside, QLD 4032

Sold for $2,350,000 on 13 Mar 2023
  • 12 Beds
  • 12 Baths
  • 8 Cars
Agents

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1-6/74 Norman Drive, Chermside, QLD 4032

Block of Units in Chermside

Low maintenance apartment complex

  • 12 Beds
  • 12 Baths
  • 8 Cars

This is a rare opportunity to secure a generally well maintained, income producing investment property in a highly demand residential location. The ability to hold and maintain control over an entire small, quality, low maintenance apartment complex affords the astute investor the opportunity to enjoy regular income in a strong growth area.

The scope also exists to increase returns by value adding such as installing air conditioning and dishwashers.

The property is ideally suited to a passive investor as it is relatively self-contained. It also represents an opportunity for an investor to acquire a holding which offers the flexibility to divest individual lots over time or apportion to shareholders, if so required.

Parking:

8 garage spaces

Bedrooms:

12

Bathrooms:

12