MULTIPLE FLATS | $1,120 PER WEEK GROSS RENT | CBD INVESTMENT
$1,120 PER WEEK IN GROSS RENT. MULTIPLE TENANCIES. APPROX. 853M² CORNER ALLOTMENT. CBD LOCATION.
Investors looking for genuine cash flow should take a serious look at 1/30 Ryan Street, Charters Towers City.
Positioned on an approximately 853m² corner allotment just moments from the main street, this established multi-unit property is currently producing approximately:
$1,120 PER WEEK GROSS RENT
Equivalent to approximately $58,240 per annum when annualised across 52 weeks, before expenses.
For investors comparing traditional houses producing a single rental income, the proposition here is fundamentally different:
Multiple rental income streams from one property.
THE INVESTMENT
The property comprises multiple self-contained flats distributed across the original Queenslander-style residence and a separate two-storey building.
Key features include:
Current gross rent approximately $1,120 per week
Approx. $58,240 p.a. annualised gross rent based on 52 weeks at the current weekly rent
Multiple existing rental income streams
Approx. 853m² corner allotment
Main Queenslander-style building
Separate two-storey accommodation building
Central Charters Towers City position
Approximately 50 metres from the main street
Established income-producing property
Opportunity for investors to investigate further income and improvement potential
WHY INVESTORS SHOULD RUN THE NUMBERS
The attraction is simple.
Rather than buying one house and relying upon one tenant, this property provides multiple rental streams within a single acquisition.
At $1,120 per week, the current rent annualises to approximately $58,240 gross per annum.
For investors focused on yield and cash flow, that makes 30 Ryan Street a property worth investigating.
CBD POSITION
Location is another major advantage.
Positioned in the heart of Charters Towers City and only a short distance from the main street, tenants have convenient access to shopping, employment, services and everyday amenities.
Central rental accommodation can be difficult to replace, particularly when multiple tenancies are already consolidated onto one substantial site.
HOLD. IMPROVE. OPTIMISE.
Buyers can acquire the property for its existing income while investigating opportunities to improve the accommodation, rents and overall asset over time.
For the experienced investor, the question isn't simply what the property looks like today.
It's:
What income does it produce?
What is the return on my purchase price?
And what opportunities exist to improve that return?
At $1,120 per week in current gross rent, those are numbers worth investigating.
INVESTORS TAKE A SERIOUS LOOK
Multiple flats.
Approximately 853m².
Corner position.
CBD location.
$1,120 per week current gross rent.
The owners are ready to sell and genuine offers are encouraged.
Contact Altora Global today to obtain the current rental schedule, tenancy information and further property documentation or to arrange an inspection.
DON'T JUST BUY ANOTHER RENTAL. BUY MULTIPLE INCOME STREAMS.
All areas, rental figures and property information are approximate and should be independently verified. The stated annualised gross rental figure of approximately $58,240 is calculated by multiplying the stated current weekly gross rent of $1,120 by 52 weeks and does not represent net income or guarantee future income or occupancy. Buyers should independently verify tenancy arrangements, approvals, lawful use, outgoings, compliance and suitability for their intended purpose.
