17/125 Frank St, Labrador, QLD 4215, Australia

GREAT LOW PRICED INVESTMENTS

Entire complex is on the market for $7.5 million. A proposed development for the site is for 80 units and 150 hotel rooms

All up there are 32 units in complex made up of;

• 12 studios
• 12 semi studios
• 5 one bedroom
• 3 two bedroom.

• Unit 17 is on the 1st floor

The units;

• have split air conditioning system plus fans.
• are fully self contained and can be let outside the rental pool
• have 1 carport per unit, plus visitors park.
• are 35m2 approx 

WAS UNDER OFFER AT $220,000 to developers but owner does not wish to wait until DA approval

Unit 4, which is slightly smaller than unit 17 sold for $185,000 in December

Can leave in holiday letting pool or rent permanently.
Complex is 75% holiday letting & 25% permanent.

The semi studios permanently rent for $490 per week.

Holiday renting is $120 per night on weekends, $95 per night during the week.