Update 4:30pm 27th oct : In final negotiations now CAN YOU AFFORD TO MISS THIS RARE OPPORTUNITY? Please contact us for a copy of the Information Memorandum The property offers an excellent, rare opportunity to developers and investors to acquire a property with exiting cashflow or the chance to redevelop and more than double the unit count. The Development Opportunity - Approved plans for a 10-unit apartment building with basement, ground, first and second floors, - 8 x 3 Bedroom Apartments - 2 x 2 Bedroom Apartments The Exisitng Building -If it is decided not to develop, the exisiting building offers stable cash flow of $1,085 per week (with potential for rent increases) and: -offers 4 well designed and spacious apartments, occupied by long-term tenants; -has ground level parking for all residents; -is of solid block and brick construction and has been well maintained with new hot water system and approved smoke alarms; -has usable terrace space One of the most favoured neighbourhoods in Brisbane, abutting the banks of the Brisbane river. Close to the University of Queensland and other educational institutions: a preferred residential location for students and staff of such institutions. Very well connected to Brisbane's city centre and other urban centres. Please contact us for a copy of the Information Memorandum Howard Tsang - 0411 123 682