7% return! positively geared on of Blue Chip Real Estate.809sqm
15 Phelan Street, Clayfield
With an impressive 20m frontage and a vast amount of unused block space, this an unmissable opportunity for any long-term investor, developer or aspiring renovator to secure a property in blue chip Clayfield.
Currently, the 810m2 block is occupied by a two-storey residence comprising a total of seven flats, all individually metered. Fully tenanted and returning $97,000, this is a rare and exceptional opportunity for a savvy buyer to not only attain a healthy revenue stream through the letting of all seven flats, but to also potentially yield enormous capital growth by holding onto an address that enjoys prime position in a flourishing suburb.
Alternatively, the existing residence offers a fantastic foundation to what could easily become a magnificent dream home. With an extensive renovation, the home could be reconfigured and expanded upon to accommodate a modern day family and lavish lifestyle. With copious amounts of room at the rear of the property, there also exists the option to extend the home significantly, landscape a gorgeous garden, create an enviable alfresco space or even install an in-ground swimming pool (STCA).
Other notable features side access, NBN connectivity, gas connection, and a carport located at the back of the property capable of housing four vehicles.
Perfectly situated, the property’s address can be found five minutes from an array of cafés and restaurants at Racecourse Road and only ten minutes from the popular dining precinct at Portside. Moments away, along Sandgate Road, a variety of specialty stores and amenities await, while parents are sure to love the close proximity... 翻譯中文