1-3/46 Chatsworth Road, Greenslopes, Qld 4120

This well positioned block of strata titled units at 46 Chatsworth Rd, Greenslopes offers a great investment opportunity for the savvy buyer. This is your chance to acquire a constant cash flow spread over 3 investments with an attractive rental return in one of Brisbane's high growth suburbs.  
 
For investors with vision, you could convert the large, penthouse unit into two units, or even 4 units, subject to council approvals.  The two units on the ground floor are also oversized with plenty of scope to extend and create 3 bedrooms units if needed.  Others might see the opportunity for room letting, especially as we lead into the Games and the need for accommodation.  Whatever your vision, this investment is ideal as a family investment, live upstairs & the kids can live downstairs; (multi-generational living);  perfect for the SMSF, sit and hold and watch your asset grow;  or suited to developers who might look to demolish the block in the future and build a unit block.  Opportunities like these don't come along that often.

The property sits on an expansive 1,000m2 (approx.) block, with 20m frontage, zoned LMR2 low-medium density (2-3 story mix). Consisting of 2 x 2-bedroom, 2 bath, 1 car units with large balcony's & outdoor areas + & 1 x 4-bedroom (penthouse), 3 bath, study, bar, 2 living areas, 2 car unit. This 2000-built complex has been well maintained over the years, while there is still some capacity to further enhance your yield for the future.  All units are oversized in design.  
 
Proposed Rental Income
UNIT 1 -  2 Bed, 2 Bath, 1 Car - $680 per week 
UNIT 2 - 2 Bed, 2 Bath, 1 Car - $680 per week
UNIT 3 - 4 Bed, 3 Bath, 2 Car - $1,100 pw (double the size of the below units)
 
All units are currently owner occupied or vacant with a potential combined income of $127,920 per annum as is. The rents could be lifted with updates and creating more units. The current owners have owned the complex for 24 years, the only owners of the complex and the property has been run as a family investment with the family occupying the unit block.
 
Units 1 & 2
- 2 good sized bedrooms
- Main bedroom with walk in robe & ensuite
- Main bathroom with a separate shower & bath
- Oversized, open plan lounge & dining
- Tidy kitchen has a breakfast bench, full corner pantry and room to add a dishwasher & island bench if needed.
- Large, back entertainment space + another covered area perfect for a play area or garden.
- Back, grassed yard
- Internal laundry with each unit
- Fresh internal paint & new carpet to Unit 1
- Single, lock up garage

Unit 3
- 4 good sized bedrooms
- 2 bedrooms with ensuites
- Powder room
- 2 large living areas
- Spacious kitchen
- Built-in bar
- Separate study
- Large outdoor entertainment balcony across the front & down the sides
- Capturing some city views
- 2 car, garage - one with roller door 

This ultra-convenient position is only 5 minutes from the CBD & close to Greenslopes Private Hospital, PA Hospital, universities & M3. 100m from IGA Marketplace, 700m from Greenslopes Mall & 4 minutes to Coorparoo Square. In the catchments for Greenslopes State School & Cavendish Road High School & featuring Loreto College, Villanova & Our Lady of Mt Carmel less than 5 minutes away.

Contact Jane Elvin or Joey Elvin if you would like to discuss further, or we will see you at one of the open homes.