197 Ridge Street Northgate, QLD 4013

• Priced on average $132,500 below median unit (Northgate currently has a median unit price of $482,500^)
• Solid double brick block of 4 units plus 2 concrete block townhouses to the rear
• Unit price growth (13% last year) forecast to continue due to huge lack of supply of affordable units and townhouses
• Current Gross Income of $110,760* per annum with scope to increase
• 850m²* site area zoned MDR Medium Density Residential
• Walking distance to train station and local food retailers
• Covered parking and dedicated yard area for each dwelling
• Brick flats building product mix 2 x 2 bedroom + 2 x 1 bedroom units
• Rear townhouse building product mix 2 x oversized 1 bedroom villas
• 10kms* north from Brisbane CBD
• Walk to Northgate Train Station
• Short driving distance (only 7* minutes) to the Brisbane Airport, plus easy access to the Bruce highway providing connectivity to both the Sunshine and Gold Coast
• Short drive to Northgate State School

For further information, please contact the Ray White Special Projects Qld Marketing Agents.

*Approximately