Southport Investment opportunity that won't last long with great corner frontage on High and Walton Streets Southport with two great dwellings only 3 klms from Griffith University and Southport Hospital, three blocks from Australia Fair and two blocks from the Broadwater. This is a Classic Queensland property.

Tenancy 1
The house has the hallmarks of a property of this era estimated to be around 1930ish. High ceilings, timber floors and walls and french doors. With three bedrooms, sunroom, lounge, spacious front entrance foyer, large eat in kitchen, it is currently under rented at $480pw. It also features a lock up tandem garage under with a large workshop area. There is a self contained, one bedroom granny flat underneath the house. An outdoor laundry, fully fenced garden and covered patio complete the house amenities.

Tenancy 2
A character filled Railway cottage at the rear of the property has its own entrance from Walton Street and lock up yard with off street parking. It has two bedrooms plus a enclosed sleepout, lounge, kitchen/dining, bathroom, separate toilet and newly polished floors throughout. The outdoor covered patio is great for entertaining. The laundry is just off the covered patio. The cottage is currently rented at $380pw.
With a total combined income of $860pw as well as a corner block, this property has huge potential for future development.

Land size : 539m2
Rates: Land approx $2300.00 pa Water (not separately metered) approx $2400 pa.
Tenancies:
House is tenanted till Jan 2023
Back unit is tenanted till Sept 2022

Call Darren Davey
0404 488 911