12 Lemnos Street, Red Hill, Qld 4059

Auction Location: In-Rooms 10 James Street, Fortitude Valley

An outstanding opportunity for the astute investor, this unique Red Hill holding combines three self-contained residences on a generous 675m2 allotment, each separately leased and currently returning a combined $1,555 per week. Offering established income from day one, multiple tenancies and an inner-city address with enduring appeal, it is a compelling addition to any property portfolio.

Configured as three individual units, the property offers practical, easy-care interiors with each residence enjoying its own kitchen, living and dining spaces. Unit 1 is the largest of the three, comprising three bedrooms, a central living and dining area, functional kitchen and bathroom, while Units 2 and 3 each provide one-bedroom accommodation with their own living zones, kitchens and bathrooms. The arrangement offers excellent separation between tenancies and the versatility that comes with three distinct residences under one title. Outdoor areas wrap around the residences, with patios and a balcony providing additional space to relax outside. There is vehicle accommodation and garaging allocated across the three units, with room for three vehicles.

Features include:
- Unit 1 - leased at $625 per week until 6 May 27
- Unit 2 - leased at $430 per week until 27 October 26
- Unit 3 - leased at $500 per week until 6 May 27
- Combined current return of $1,555 per week
- Individual kitchens, living areas and bathrooms
- Five bedrooms and three bathrooms in total
- Garage accommodation for three vehicles
- Generous 675m2 allotment

Perfectly positioned to enjoy the best of Red Hill and its neighbouring lifestyle precincts, the property is close to schools, local cafés, shops and transport, with Suncorp Stadium, Victoria Park, Paddington and Brisbane CBD all within easy reach. The location further strengthens the property's appeal as a well-connected inner-city investment. With three incomes already in place and a sizeable landholding in one of Brisbane's most sought-after inner-city suburbs, opportunities of this nature are difficult to replicate. Inspect and discover the potential for yourself.

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This property is being sold by auction or 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.

Disclaimer:
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.

Type

Block Of Units

Bedrooms

5

Bathrooms

3

Parkings

3

Area

675 m²