PROPERTY SUMMARY

Beds: 8 Baths: 4 Car Park: 4

PROPERTY DESCRIPTION

Four well maintained and recently renovated airconditioned flats directly opposite Rosslea/Townsville Golf Club.

Beautifully positioned in a central location on a leafy tree lined street. Most tenants are long term and enjoy living there.

With the pending development of the “Fairways” residential housing just across the road, this property will be deemed to be a champion location. All flats have their own front deck and rear courtyard.

CURRENT RENT: 4 flats $880.00 per week = $45,760 per annum

CURRENT RENT (storage shed): $100 per week = $5,200 per annum

Gross income: $50,960 per annum

Rates: $11,446 per annum

Insurance: $1,489 per annum

Gross yield: 7.72%