Offered to the market for the first time, since they were built circa 1994, Calliandra Villas offers an incredible 5317m2, at the end of a quiet cul-de-sac, located in Carindale Park Estate encompassing an immaculate and recently renovated estate of 12, 2 bedroom 1 bathroom lowset villas currently returning over $237k per annum. With over 65% long term tenants and a current rental range of $370 to $385 per villa, with the option, for minimal input to increase to over $250k per annum Immaculate presented from the street with lush fully maintained gardens, bundled into 4 parcels of 3 villas each with a visitor carpark plus loads of off-street parking, Calliandra Villa's offers the rare opportunity for syndicate or multi-family/friend investing. All 12 Villa's were renovated in late 2018 with brand new kitchens and bathrooms producing an already updated asset with nothing to do for another 10 years. Each well secured Villa offers 2 carpeted bedrooms with an oversized master, both with wardrobes, a large carpeted central lounge, separate internal laundry, single remote lock up garage, and renovated bathroom with bathtub and shower plus separate toilet. Complimenting the renovated tiled kitchen with wall oven, cooktop, dishwasher alcove, pantry, and breakfast bar backing onto a dining room that flows directly out to a covered alfresco area and fully fenced rear gardens with washing line and shed. Already strata titled with individual rates and water meter and a body corporate that can be activated if required. Individual lot sizes range from 302m2 and to the largest at 487m2 surrounded by the tranquillity of Lambertia Close Park, walking distance to local Metropole shopping center, and nearby bus access. Surrounded by local schools all with easy access and just a short drive to Aldi, Bunnings, Pacific Golf Club, and a choice of shopping with Westfield Carindale, Westfield Garden City, or Mt Gravatt Plaza, and more. Expressions of interest are welcome until 5pm on Thursday 20th January 2022. For more information on the property including a detailed investment prospectus please feel free to get in contact.