Ashgrove Investment Opportunity for Sale at Auction

Ashgrove Investment Opportunity for Sale at Auction

A tenanted investment opportunity in the inner Brisbane suburb of Ashgrove is being offered for sale via auction by Ray White Special Projects (Qld).

The property which has been divided into 10 self-contained flats at 85 Stewart Road, Ashgrove, is being marketed by Andrew Burke and Matthew Fritzsche of Ray White Special Projects (Qld).

Andrew Burke said the Queenslander style building is situated on a land area of approximately 812 sqm and the property is currently generating gross rental income of $103,000 per annum.

“An overseas based seller has committed to another project and must sell,” Mr Burke said.

“The offering is well positioned in the popular suburb of Ashgrove and is walking distance to transport, shopping cafes and restaurants.”

Matthew Fritzsche said Ashgrove is a highly sought after residential locality and is approximately 4km north west of the Brisbane CBD.

“Ashgrove and the surrounding suburbs are well serviced by public infrastructure and amenities including Woolworths, Aldi, Coles, multiple restaurants & cafes, medical centres and schools.”

The Ashgrove property will be auctioned at 10.30am (AEST) on Friday, October 21, 2016, at Level 26, 111 Eagle Street, Brisbane.

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