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Engin Apartments, 4-8 Bradford Street, Labrador, QLD, 4215
Tenanted Investment
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Property Highlights

Entire Block of 30 Residential Units

Tony Grbcic and Adam Grbcic, proudly present the "Engin Apartments" Building located at 4-8 Bradford Street, Labrador, to the market via a formal Expression of Interest Campaign.

Presenting an unprecedented opportunity to purchase a freehold asset which comprises two residential buildings, which total 30 apartments, currently 100% occupied.

The opportunity comprises;

- Land Size: 1,548m2*

- 30 Residential Units over 2 buildings

The two buildings offer;

- 24 x 1 bedroom + large study (second bedroom) apartments

- 6 x 2 bedroom + large study (third bedroom) apartments

- At grade parking which offers a total of 36 parking bays

The Key Investment Drivers include;

- 100% Tenanted with a history of low vacancy rates

- Current Annual Income: $656,240

- Majority of units currently under market rental, providing an opportunity to capitalise and increase income upon lease expiries

As well as providing a stable, secure and reliable cashflow, this property offers a variety of value add opportunities.

The property is located within Labrador, which is a high growth corridor only minutes from the Southport Central Business District. A highly desirable locality due to its proximity to all major amenities and services and the lifestyle along the Broadwater Parklands.

For more information on this opportuinty, please contract either Tony Grbcic or Adam Grbcic from Kollosche Commercial

Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.

Remember to mention you found this property on CommercialReady.com.au

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