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30/30-34 Palmer Street

South Townsville QLD 4810

2
2
1
116 m²
Apartment
Currently for sale - view listing

Overview

2 bed, 2 Bath, Dual Key with 2 x kitchens & 2 balconies!

INVESTORS- Act quickly to secure this Two-bedroom, 2 bathroom dual key twin apartment. Under long term lease, rents are fixed, not dependant on occupancy and have scheduled annual increases. There are no management fees, and the hotel group own and maintain furniture, bookings, cleaning and usage including electricity and water. With an interconnecting door the apartment can be split and leased as separate: 1 x one bedroom with main bathroom including spa bath, fully equipped kitchen, balcony and laundry. 1 x Studio with kitchenette, ensuite bathroom and balcony Or the apartment can remain as a complete 2 bed, 2 bath lot. With full harbour and pool view from both balconies, a dual key configuration offering versatility with bookings, 117m2 of total floor space, & carpark on title- an opportunity to add a prime location to your investment portfolio. Please note images are of same apartment one floor above Type: 2 bed twin key with 2 x balconies and carpark on title. Lease terms as follows: Lease term: 2024- 2029 with 2 x 5 years and 1 x 7 years ( 17 years remaining) Current rent: $27,586 pa- 8.38% gross/ 4.40% net Fixed for 2 yrs: July 2026 + 3%= $27,586 July 2027 + 3%= $28,414 July 2028 + 3%= $29,266 July 2029 - Market Review Outgoings: OC Admin & Insurance $6488 OC Sinking $3050 Council & water rates: $3500 For more information please phone Mandy Fountain- 0408 10 30 10. Specialist In Serviced Apartments Sales across Australia with a sound understanding of the lease and tenant and owner obligations. Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs. The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.

Features

2 bedrooms
2 bathrooms
1 carspace
116 m² floor area
Apartment

Happy sellers in South Townsville

92%
92% of sellers in South Townsville reported that their sale price either exceeded or met their price expectations.

South Townsville stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 10 reviews in South Townsville over the last 12 months.

Local market activity for 2 bedroom apartments in South Townsville

In the last 12 months, 11 two-bedroom apartments similar to 30/30-34 Palmer Street, have been sold.

This represents a 48% increase in two-bedroom apartments sales when compared to the previous 12 months.

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