Incredible Investment Opportunity in Convenient Clayfield

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Rates: $1,353 p.q | Water: $188 + usage p.q

Bedrooms: 12              Bathrooms: 5               Parking: 0

15 Montpelier Street is a property like no other on the market and is the perfect next addition to your investment portfolio. Returning approximately $120,000 per annum at present, there is ample opportunity to improve your returns through some cosmetic or more substantial renovations.

The owner’s instructions are clear, and this property WILL be sold – contact Luke O’Kelly or Jim Ampelas to secure your inspection.

Rates: $1,353 p.q | Water: $188 + usage p.q

Features include:

– Investor’s dream with a strong rental return of approximately $120,000 per annum;
– Lower level floorplan is in a boarding house style with nine rentable studios;
– Upper level is a three-bedroom flat that can be rented out as a whole, with a rental return of approximately $450 per week;
– Potential to convert this large building into an expansive family home in a desirable location.

The intelligently designed floorplan of this property has a total of nine bedrooms on the lower level, which can be rented out individually. Each bedroom has ample room for a bed and sitting area with its own kitchenette. At the end of a common hallway, there are communal bathrooms and laundry facilities split by gender. These rooms will appeal to young professionals and students seeking a convenient location and a space to call their own; vacancy rates are sure to be low.

Continuing upstairs, a three-bedroom apartment is on offer. Bright and airy, this property will appeal to a wide array of tenants; each of the bedrooms are generously sized plus there is an additional sunroom and outside entertaining areas. Perfectly comfortable as is, there is the potential to improve your rental return with some cosmetic updates.

Situated in one of Clayfield’s most convenient neighbourhoods, 15 Montpelier Street is walking distance to public transport, restaurants, cafes, and other amenities. Oriel Place is just around the corner with a variety of thriving eateries, while your commute will be straightforward as multiple bus routes to the city leave from just 200m away. For students, there is easy access to the QUT Gardens Point campus and Griffith University. With such a location, vacancy rates will be very low.

Again, this home must be sold and is an ideal investment opportunity, with a strong rental return of approximately $120,000 per year! This opportunity will not be available for long.

Call today to arrange an inspection.

Luke O’Kelly: 0408 330 161

Jim Ampelas: 0436 332 483