Raine & Horne Townsville in conjunction with Steve Leaumont, present 15 Ahearne Street, Hermit Park. Positioned in the heart of Hermit Park, this solid block of four self-contained units presents an outstanding opportunity for investors seeking immediate income with clear potential to add value over time.
Each unit offers two bedrooms and one bathroom, all currently tenanted with leases in place until late 2026, delivering a secure combined rental return of $1,010 per week with a potential to increase on renovation or lease renewals.
Built to last, the property features a solid construction with timber floorboards, providing a reliable foundation for future improvements. There is excellent scope to enhance the overall value through external painting and kitchen and bathroom renovations, allowing investors to modernise and increase returns over time.
Key Features:
• Block of 4 x 2-bedroom, 1-bathroom units
• All units currently leased until late 2026
• Strong rental income of $1,010 per week
• Solid construction with timber floorboards
• Excellent value-add potential through cosmetic upgrades
• Prime Hermit Park location close to amenities and transport
Offers over $720,000
Whether you're looking to expand your portfolio or secure a stable, income-producing asset with future upside, this is a rare opportunity in a tightly held suburb.
Contact Steve Leaumont - 0499 500 032
or Scarlett Stinton - 0400 018 261
to arrange your inspection today.
Disclaimer:
This information has been prepared by Raine & Horne Townsville (S & S Properties Pty Ltd) and is intended to provide a general guide to the property and its features. While every effort has been made to ensure accuracy, no warranty or representation is made as to its correctness, completeness or reliability.
Interested parties should not rely solely on this information and are encouraged to make their own enquiries, inspections and obtain independent legal, financial and building advice before proceeding.
Measurements, areas, distances, floor plans and figures are approximate only. Photographs and illustrations may include digital enhancements or virtual removal of furnishings to protect tenant privacy or indicate potential.
