Offering an attractive opportunity for investors, this elevated character property combines traditional Queensland charm with the benefit of two separately leased residences, currently generating a combined rental income of $885 per week. Behind its distinctive facade and white picket fence, the property retains an abundance of original character, including polished timber floors, high ceilings, decorative archways, and beautiful casement windows with coloured glass detailing. Each unit offers its own kitchen, bathroom, and living spaces, providing practical and comfortable accommodation for the residents. Outside, established tropical gardens, lawn areas, and covered off street parking add to the property's appeal. With both residences currently leased into 2027, this is an opportunity to secure immediate rental income while retaining the potential to further enhance the property over time.
The Property
- Dual income investment comprising two separately leased residences
- Currently generating a combined $885 per week, equivalent to $46,020 per annum gross at current rental rates
- Unit 1 currently leased at $385 per week until 26 April 2027
- Unit 2 currently leased at $500 per week until 19 February 2027
- Charming elevated character property with traditional Queensland architectural detailing
- High ceilings, polished timber floors, decorative archways, and original style casement windows
- Air-conditioning to selected rooms for year round comfort
- Enclosed front entry with additional space for storage or everyday use
- Established tropical gardens and lawn areas with mature trees
- Covered off street parking with driveway access
- Laundry facilities and additional utility space
- Opportunity for future cosmetic improvements and value adding potential
The Location
- Established Townsville residential setting surrounded by traditional homes
- Convenient access to Townsville's CBD and surrounding commercial precincts
- Within reach of local shopping, schools, and everyday amenities
- Access to Townsville's dining, recreation, and entertainment destinations
