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.
