55 Mitchell Street

North Ward QLD 4810

496 m²

Block of units

Currently for sale - view listing

Overview

Four Units. One Title. A North Ward Investment Worth a Look.

Opportunities to secure an entire block of units in North Ward don't come along every day - particularly one offering four established tenancies and an immediate income stream from day one. Positioned on a 496sqm allotment, 55 Mitchell Street comprises four self-contained two-bedroom, one-bathroom units, with two positioned upstairs and two downstairs. All four units are currently leased, creating a combined rental return of $1,720 per week and making this a compelling proposition for investors looking to secure a multi-income asset in one of Townsville's most consistently sought-after inner-city locations. North Ward continues to hold strong appeal thanks to its proximity to The Strand, Townsville CBD, Castle Hill, schools, cafes, restaurants and everyday amenities. With four separate income streams under the one holding, this is an opportunity that deserves serious consideration. Lease Details at a Glance: Unit 1: $430 per week – leased until 15 March 2027 Unit 2: $430 per week – leased until 1 February 2027 Unit 3: $430 per week – leased until 15 February 2027 Unit 4: $430 per week – leased until 14 December 2026 Property at a Glance: - Entire block of 4 x two-bedroom, one-bathroom units - 2 spacious units upstairs and 2 spacious units bottom level - Positioned on a 496sqm corner allotment - Externally repainted in the last 12 months - Highly sought-after North Ward location - Convenient access to The Strand, CBD, Castle Hill and surrounding amenities - Weekly gross rental yield of $1,720 - Annual gross rental yield of $89,440 - Council Rates approximately $8,276 per half year Whether you're looking to expand an existing portfolio or secure a substantial multi-unit holding in a blue-chip Townsville location, 55 Mitchell Street presents an increasingly hard-to-find investment opportunity with income already in place. Contact Adrian Raiteri today for further information or to discuss this outstanding North Ward investment opportunity. Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies, and we accept no liability for any errors or exclusions (including but not limited to a property's land size). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.