Paul Manning
+ 61 0417 383 950
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This helps us curate better property matches for youFor sale
Block_of_units • 9mo
Offers over $6 Million
10 Primrose Street, Bowen Hills, QLD, 4006, Australia
32
32
3
427 m²
Nearest stations
Fortitude Valley
604M (8 mins)
Exhibition
615M (8 mins)
Bowen Hills
670M (9 mins)
Property Features
- Secure Parking
About this Property
Presenting a purpose-built structure featuring 32 self-contained studio units spanning three floors, nestled in a cul-de-sac just off St. Pauls Terrace in Bowen Hills. Constructed less than two decades ago, this property has received meticulous care and remains in impeccable condition.
Sitting on a 427m² plot, the land holds a single title, resulting in minimal land tax responsibilities tailored to your circumstances. The studio units boast an average size of 17m² each, complemented by a communal space of approximately 40m², a coin-operated laundry facility and secure parking for up to three vehicles. Historically devoted to long-term rentals, this property also offers potential for short-term accommodations.
There is no body corporate, so no fees and the associated overheads of running it. Though the studio units can be strata titled if required.
The studio units are able to be leased at an average of $300 per week, inclusive of power (within reasonable usage) and basic internet services. Notably, the occupancy rate is consistently high, contributing to low turnover.
Each studio unit is thoughtfully outfitted with:
* Well-equipped kitchen area featuring a fridge, hot plate, rangehood, microwave, sink and cupboards
* Sleeping arrangements include single, king single, or double beds, along with bedside table/desk and wardrobe
* Bathroom zone complete with shower, sink, and toilet
* Comfort is ensured by air-conditioning and a ceiling fan
The communal area offers a fully-furnished kitchenette/dining/living space, complete with television, exercise bike, air-conditioning and a shaded outdoor spot furnished with tables and chairs.
Noteworthy enhancements and maintenance of superior quality encompass:
* Comprehensive repainting of the building
* Implementation of security cameras in common zones
* Upgraded showers in all units
* Modernized hot water systems
* Renewal of hot plates, range hoods, air-conditioning units, keylocks
* Upgraded front door intercom system
* Fire alarm system upgrade with new fire indicator panel and installation of Hochiki analogue smoke detectors throughout
* Individually metered electricity for each studio unit, aligning with the fair-use policy
Supervising the property since its inception, a dedicated caretaker collaborates closely with the owners to ensure the property maintains its optimal state.
Embrace this remarkable investment opportunity, guaranteeing a stable and foreseeable return minus the customary overheads (and effort) often associated with property investment. For enquiries or to schedule a private viewing, reach out to Paul Manning on 0417 383 950
Sitting on a 427m² plot, the land holds a single title, resulting in minimal land tax responsibilities tailored to your circumstances. The studio units boast an average size of 17m² each, complemented by a communal space of approximately 40m², a coin-operated laundry facility and secure parking for up to three vehicles. Historically devoted to long-term rentals, this property also offers potential for short-term accommodations.
There is no body corporate, so no fees and the associated overheads of running it. Though the studio units can be strata titled if required.
The studio units are able to be leased at an average of $300 per week, inclusive of power (within reasonable usage) and basic internet services. Notably, the occupancy rate is consistently high, contributing to low turnover.
Each studio unit is thoughtfully outfitted with:
* Well-equipped kitchen area featuring a fridge, hot plate, rangehood, microwave, sink and cupboards
* Sleeping arrangements include single, king single, or double beds, along with bedside table/desk and wardrobe
* Bathroom zone complete with shower, sink, and toilet
* Comfort is ensured by air-conditioning and a ceiling fan
The communal area offers a fully-furnished kitchenette/dining/living space, complete with television, exercise bike, air-conditioning and a shaded outdoor spot furnished with tables and chairs.
Noteworthy enhancements and maintenance of superior quality encompass:
* Comprehensive repainting of the building
* Implementation of security cameras in common zones
* Upgraded showers in all units
* Modernized hot water systems
* Renewal of hot plates, range hoods, air-conditioning units, keylocks
* Upgraded front door intercom system
* Fire alarm system upgrade with new fire indicator panel and installation of Hochiki analogue smoke detectors throughout
* Individually metered electricity for each studio unit, aligning with the fair-use policy
Supervising the property since its inception, a dedicated caretaker collaborates closely with the owners to ensure the property maintains its optimal state.
Embrace this remarkable investment opportunity, guaranteeing a stable and foreseeable return minus the customary overheads (and effort) often associated with property investment. For enquiries or to schedule a private viewing, reach out to Paul Manning on 0417 383 950
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Paul Manning
Inner Brisbane Realty
+ 61 0417 383 950
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More Details on 10 Primrose Street, Bowen Hills QLD
How many bedrooms and bathrooms does 10 Primrose Street, Bowen Hills have?
10 Primrose Street, Bowen Hills is a 32 bedroom, 32 bathroom block_of_units.
Who is the agency that listed 10 Primrose Street, Bowen Hills?
The agency who listed 10 Primrose Street, Bowen Hills is Inner Brisbane Realty - you can contact the agents here.
How many car spots does 10 Primrose Street, Bowen Hills have?
10 Primrose Street, Bowen Hills is a 3 car spot home.