Notice: JavaScript is not enabled. Please Enable JavaScript so Functions Can work correctly.

99 Riding Road, Hawthorne QLD 4171
Inviting Genuine Offers
  • 8
  • 6
  • 716 m2

OUTSTANDING HOME OR HOME BUSINESS OPPORTUNITY WITH ADDITIONAL INCOME RETURNS

A rare opportunity to purchase a property like no other on the market at present.

99 Riding Road offers a unique opportunity as a home or home business/ investment or even perfect for extended families.

Offering up to 6 residential spaces on the one property.

The home itself has been professionally renovated with no expense spared in the quality and aesthetics of the work.

Superbly designed with European appliances, this property has been built to the highest of standards and caters for a multitude of Buyers, with a maximum of income producing benefits.

The main house offers a perfect dual living floor plan where both levels can be separate as home & business or separately Rented. Adjacent to the home are also 4 x 1 bedrooms apartments.

All 4 apartments are individual in design and stylish in finish and individually rented.

Total current Income for the properties are $2055 per week with potential for a further income from the lower level (currently owner occupied)

The Property is located on ONE title and comprises of the following buildings (all Professionally Built and Council Approved)

Main Original Queenslander - Completely Raised to above Legal Height and Fully Renovated.
- Upper Level is Fully Self Contained with separate Dual Entries.
- Lower Level is Fully Self Contained with Separate Entry

UPPER LEVEL HOUSE
Upper Level:
- 3 bedrooms with 1 bathroom and separate toilet
- large kitchen
- polished timber floors
- small front deck
- large rear deck
- 5kw solar panel system
- double insulated bedroom windows
- air conditioning

Lower Level House
- large living room
- bathroom
- open plan rumpus with option to convert to two large bedrooms
- kitchen
- laundry (with dual entry)
- bamboo floors
- security windows and doors
- currently being used for home business purposes

The Upper Level offers a 3 bedroom renovated home with rear deck and is fully self contained and rented.

The Lower depending on how the property is utilised offers up to 3 bedrooms with open plan living and is also fully self contained. This area is currently occupied by the Owners who operate a successful Business on site. The house of business operate only from 9am to 6pm.

The Owners would be very interested in Leasing this area for a further 12 months at a negotiated weekly rental.

4 x Executive Style 1 Bedroom Apartments
The very stylish Units are simply beautiful and were built from new

APARTMENTS 3, 4 & 6:
- air conditioning throughout
- security doors and sound deadening windows
- high level noise insulation between floors
- each with 1 bedroom and 1 bathroom
- built in robe with mirrored doors
- laundry
- kitchen with gas cooker
- stone bench tops
- glass splash backs
- European appliances
- bamboo floors
- Italian tiles in wet areas
- The size of these units vary from 53m2 - 56m2 (internal space only).
Apartment 5
- air conditioning throughout
- security doors and windows
- high level noise insulation
- 1 large bedroom with WIR
- ensuite (over-sized shower with overhead rainwater feature)
- additional bathroom with bath tub
- laundry
- kitchen with gas cooker
- stone bench tops
- glass splash backs
- European appliances
- bamboo floors
- Italian tiles in wet areas
- private upstairs deck and ground level courtyard
- Size: 86m2 (internal space only).


Current Rental Return
Upper Level Main House $510 per week
Lower Level Main House Owner Occupied - Registered Business (9am - 6pm)
Unit 3 $385 per week
Unit 4 $380 per week
Unit 5 $405 per week
Unit 6 $385 per week
Current Rental Return $2065 per week

A magnificent Opportunity for someone looking for a Home & Business and Income Producing Investment or a Total Investment Opportunity or Super Fund in a high-end location with the opportunity of 6 separate Rental Returns.

The new build and full renovation of the home upstairs and the building of the business premises downstairs was completed at the end of 2015 with construction & renovations finalised around the end of 2015 early 2016 and all Council Approvals and Final Certificates in Place. All Works were carried out by Registered Builders.

There are secure Tenants in each of the properties and with no Body Corporate fees attached, this proves to be a very lucrative investment opportunity.

The location of this property is unbeatable - so close to the city, offering enviable road exposure, a guaranteed income from the first day of ownership.

Property Features

  • Built-In Wardrobes
  • Close to Schools
  • Close to Shops
  • Close to Transport
  • Polished Timber Floor
  • Air Conditioning