PROPERTY SUMMARY

Beds: 9 Baths: 4 Car Park: 3

PROPERTY DESCRIPTION

Centrally located, this 1012sqm allotment is a must for any investment portfolio. Only a short walk to the river, this property is situated in a quiet and well-maintained street, in close proximity to Stockland Shopping Centre, Domain Central Precinct, The Townsville Hospital and James Cook University.

House:
1960’s highset, neat as a pin and freshly painted. Timber floors upstairs, solar electricity, irrigation system, neat and tidy front yard. Lock up garage plus carport.
Downstairs is air conditioned with several extra rooms, storage and bathroom.

– 3 Bedrooms
– 2 Bathrooms
– 1 Garage, 1 Carport
– Solar Electricity System
– Rental appraisal – unfurnished = $350-$360 per week
– Rental appraisal – fully furnished = $450-$500 per week

Apartment 1:
– As new condition, approx. 10 years old
– 3 Bedrooms
– 1 Bath
– 1 Garage, 1 Carport
– Rental appraisal – unfurnished = $350 per week
– Rental appraisal – fully furnished = $450 per week

Apartment 2:
– As new condition, approx. 10 years old
– 3 Bedrooms
– 1 Bath
– 1 Garage, 1 Carport
– Rental appraisal – unfurnished = $350 per week
– Rental appraisal – fully furnished = $450 per week

Options:
1. Live in one and rent out two
2. Rent out all three properties
3. As current owners run a Serviced Apartments Business, they will rent back for 12 months at $1,000 per week – gross yield = 7.4%, net yield = 5.4%

• On-site visitor parking
• Rates approx. $7800 per annum
• Insurance approx. $1200 per annum


Inspection Times