Live, Work and earn a Passive Income
Type: FOR LEASE
- Category :
- Land Area:716 Square Metres
Are you looking to expand your property or superannuation portfolio?99 Riding Rd offers a unique opportunity to one astute buyer to live, work and earn a passive income in the heart of Brisbane &x92;s inner Eastern suburb of Hawthorne.The entire property comprises of a dual living home and four one bedroom &x93;units &x94; allowing the buyer to reside, work and lease from their place of residence making this an excellent addition to your portfolio or perhaps your Self Managed Super Fund (SMSF).The main house is dual living. The upper floor is currently occupied by the owner and the lower level is being used for a home business by the owner. The estimated rental return for the main residence is $700- $750 per week.With quality, secure tenants in place the units are currently receiving $1,640.00 per week in rent and utilities. With no Body Corporate fees attached, this proves to be a very successful investment opportunity.Main House - Upper Level &x95; 3 bedrooms with 1 bathroom and separate toilet &x95; Large kitchen &x95; Polished timber floors &x95; Small front deck, large rear deck- Lower Level &x95; Large living room &x95; Bathroom &x95; Open plan rumpus with option to convert to two large bedrooms &x95; Kitchen &x95; Laundry (with dual entry) &x95; Bamboo floors throughout &x95; Currently being used for home business purposesFeatures of the main house &x96; security windows and doors air conditioning double insulated bedroom windows 5kw solar panelsUnits - Units 3 / 4 / 6 &x95; Air conditioning throughout &x95; Each with 1 bedroom and 1 bathroom &x95; Built in robe with mirrored doors &x95; Laundry &x95; Kitchen with gas cooker &x95; Stone bench tops, glass splash backs, European appliances &x95; Bamboo floors &x95; Size: Units vary from 53m2 - 56m2 (internal space only).Rental income for 3 units (3/4/6): $350 per week + $40 per week for utilities = $390 per week- Unit 5 &x95; Air conditioning throughout &x95; 1 large bedroom with WIR &x95; Ensuite - over-sized shower with overhead rainwater feature &x95; Additional bathroom with bath tub &x95; Laundry &x95; Kitchen with gas cooker, stone bench tops, glass splash backs, &x95; European appliances &x95; Bamboo floors &x95; Private upstairs deck and ground level courtyard &x95; Size: 86m2 (internal space only).Rental income for unit 5: $430 per week + $40 for utilities = $470 per weekFeatures of the units - security doors and windows sound deadening windows high level noise insulation between floorsTotal weekly income: &x95; $1,480 rent per week from 4 units &x95; $160 utilities per week from 4 units &x95; Rental appraisal for main house $700 to $750 per weekApproximate expenses per quarter (Main house + 4 units):Rates: $413.80Water: $357.71Elec: $440.94Gas: $153.44This is an opportunity not to me missed!