Olive Street, Morningside
Address: 9A Olive Street, Morningside
Type of property: Townhouse
Reason for purchase: Investment Property
Client brief: Seeking a low maintenance investment property with depreciation benefits
Overview of the purchase: Our time poor clients engaged us to source them an investment property which wouldn’t present any ongoing stress.
The property we sourced is a three bedroom plus study nook, executive townhouse on 220m2 of land in the inner Brisbane suburb of Morningside. The property is in a small complex of 4 and individually titled, therefore no strata hassles of fees.
Once rented the rental yield achieved was 5.3%, plus depreciation benefits.