109 Velorum Drive, Kingston, Qld 4114

You know what they say about the disadvantages of owning multiple investment properties… they all come with their own set of fees! Now is your chance to buy ONE home that gives you TWO incomes with only one set of fees!
Sick of driving kids to school? At 109 Velorum they can walk!
Wish you could live in a suburbia that feels like living in the countryside? 109 Velorum sits in the middle of lots of parklands!
Fighting with your teen about gaming too loud? 109 Velorum has a second living room!
Struggling to get into the market with your solo income? At 109 Velorum you can buy in cheap when buying with friends or parents & still keep your privacy!

 
Historical figures:
FY 22-23 tenanted as two flats for $720 per week combined rental income
FY 23-24 tenanted as a single-family home at $625 per week
FY 23-24 building insurance $1470.70
Oct- Dec'24 council rates $572.43

Today:
Rental appraisal as a single family home $650-670 per week
Rental appraisal as two flats $980-  1020 per week combined rental income
Flats breakdown: 2 bed + study (left hand side) $520- 540 and 2 bed (right hand side) $460- 480.


FEATURING
Large light filled living room
Enormous open plan kitchen/ dining room with world of storage
Kitchen with stainless steel accents & electric cooktop
Family bathroom with shower over bath & separate toilet
4 bedrooms + study
Study with direct access to the driveway which would make a perfect home office for clients to visit
Functional laundry
Spacious backyard with Astroturf & fully hedged curb side for ultimate privacy
Second open plan living & kitchen that is flooded with natural light
Second kitchen with stainless steel accents & electric cooktop
Master bedroom with a bespoke Jack and Jill bathroom with walk-in shower & chick laundry station

LOCALITY
Kindergarten + 3 schools from 15min walk up to 4min drive away
Shopping hub 6min drive
Bus stop next door & train station 4min drive
Bega Park 2min walk
J.j.smith Recreation Corridor 10min walk
Brisbane CBD 26min drive
Gold Coast 43min drive


Whether you need a home for your large family, live in one side & rent out another in order to have most of your mortgage paid for or simply use it as an investment generating you weekly cashflow,- there is no going wrong with a property located in a suburb with continuous growth!



NB!
ACCESS: First lowset cottage from the curb side

METHOD OF SALE 1. This property is being sold strictly by Auction which means price guide cannot be provided. Search engine may have filtered the property into a price bracket for functionality purposes which might not be a true reflection of the 'For Sale' price
2. Auction will take place at Ray White 100 auction event on Monday 18th of November at Howard Smith Wharves located at 5 Boundary St, Brisbane City. Please contact the agent to express your interest
3. Phone bidders must register by COB 17.11.2024

BODY CORPORATE: This property is situated on 1131m2 of land that falls under Body Corporate with the back dwelling. There are no BC fees (sinking fund, levies, admin fees or anything of that nature), no BC meeting & the ONLY common property is the driveway.

DA: The approved Development Application to split this single family home into 2 flats expires 06.06.2030. To proceed all steps must be met as per the existing development conditions.