Unit 2/100 Miles St

Menzies QLD 4825

81 m²

Apartment

Currently for sale - view listing

Overview

Strong investment opportunity | High rental yield | 2-bedroom unit

Positioned in the established Menzies area, Unit 2/100 Miles Street presents an excellent investment opportunity, offering an attractive 10% gross rental yield and immediate rental income. Currently leased to an established community services provider at $500 per week until April 2027, the property generates $26,000 in annual rental income, providing investors with an established income stream from day one. Featuring solid brick construction, this low-maintenance unit offers durability, practicality and long-term investment appeal. With two spacious bedrooms, open-plan living and a private outdoor entertaining area, the property combines comfortable living with the benefits of a manageable investment, making it an attractive addition to any property portfolio. Notable Features: - Currently leased at $500 per week until April 2027 - Attractive 10% gross rental yield - Annual rental income of $26,000 - Established community services provider as tenant - Two spacious bedrooms with built-in wardrobes - Open-plan living and dining area - Functional kitchen with ample bench and cupboard space - Electric cooktop and oven - Split-system air conditioning and ceiling fans - Easy-care tiled living areas and carpeted bedrooms - Well-appointed bathroom with separate shower - Internal laundry - Private covered pergola, ideal for outdoor entertaining - Secure, fully fenced outdoor area - Single covered carport - Additional 2m x 2m garden shed With an established tenancy, attractive rental returns and a practical, low-maintenance layout, Unit 2/100 Miles Street presents a compelling opportunity for investors seeking immediate income and long-term investment potential in Mount Isa. Contact Sue Glynn on 0407 154 766 or Sam Hossain 0432 463 869 to arrange your inspection today. Disclaimer: Floorplan measurements and layouts are provided as an approximate guide only. While every effort has been made to ensure accuracy, they may not be 100% precise. Buyers are encouraged to conduct their own inspections and verify any details that are important to them.