4 Vernon Street Clontarf, QLD 4019

A prized investment opportunity awaits, offering a strong gross rental yield of approximately 6.7%. Situated only 1000m from beautiful Bramble Bay and the popular waterfront Pelican Park, this 632sqm property boasts an impressive rental history and is currently tenanted with long-term occupants. The property comprises four two-bedroom, one-bathroom apartments, making it a secure and consistent income generator in a thriving lifestyle location.

With a current return of $87,360 per annum, this investment already performs well, and the market indicates further potential for rental increases into the new financial year. Each unit is in good condition, featuring a functional layout with a long hallway leading to the kitchen and living space, while bathrooms are positioned at the rear toward the communal yard and three carports. Zoned "General Residential" with an 8.5m height limit, the property also holds future development potential.

Key Features:

+ Gross rental yield 6.7%
+ 632sqm block with four self-contained units, all currently tenanted
+ Returning $87,360 annually, with potential for future increases
+ Zoned 'General Residential' with an 8.5m-high building limit
+ Two-bedroom, one-bathroom layout in each unit
+ Communal yard, washing line, and three carports
+ Quiet bayside location within 25 minutes of Brisbane Airport and CBD
+ 1km to waterfront, close to schools, transport, and Redcliffe Hospital

Disclaimer: We have made our best endeavours to provide accurate information. We accept no responsibility for any errors or omissions. Buyers are encouraged to conduct their own due diligence.