This 776m2 (approx) block of land is situated on the corner of Farmer and Davey Street, and has electricity, sewage and water available to it. A couple of 50m2 tiny homes (approx $40,000 each) would be perfect to bring an income of approx $500/week when tenanted.
https://www.samedaygrannyflats.com.au/locations/cq/
The Math:
Investment: $110,000 (approx)
Income: $26,000 (approx)
Rates and Management Fees: ($6000)
Nett income: $20,000 (approx) per year.
Property Code: 1576
