For Sale | Flats | 598 Lower Bowen Terrace, New Farm QLD 4005 | Expressions of Interest Close 11th November 2017

Art Deco - Whole Block

  • 10 Bed
  • 6 Bath
  • 2 Car
  • 470 sqm (approx) Land Area

Highly sough after but rarely available these art deco blocks offer a healthy return and strata title potential.

Kept in this family for generations Ösmaston offers 4 x 2 bedroom apartments on the upper levels with 2 x 1 bedroom apartments on the lower level. Built like most of these classic timeless buildings in the early 30’s Ösmaston was used to house some of the US navy during WWII.

With approximately $80,000 net return per year these are rarely vacant and provide excellent holding income. If you wish to add decks at the rear facing north to New farm Park and improve the external amenity.

The bathroom and kitchens were renovated in the last 15 years and there is room for internal laundries.

This location in New Farm offers the convenience of a short walk to Merthyr Village shops, New Farm Park, Ferry and Buses.

New Farm unit prices in comparison to other inner city locations continue to grow due to high demand and tight supply that will continue.

Expressions of Interest by signed contracts close 11th November 2017.

This property is proudly listed by:

First National Real Estate Metro 115 Boundary Street
West End QLD 4101

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Open for Inspection
By Appointment

Additional information

Property Type Flats
Property ID 11022103656
Street Address 598 Lower Bowen Terrace
Suburb New Farm
Postcode 4005
Price Expressions of Interest Close 11th November 2017
Council Rate $6,976
Water Rate $4,936
Land Area 470 sqm (approx)