This block of 8 units is a rare opportunity for investors in Townsville. The potential is endless with this solid block and location is a bonus. 4 minutes to the CBD, 8 minutes to The Strand and Queensland Country Bank stadium just to name a few, this location boasts convenience which potential tenants will are going to love.
Standing proud on a corner block and super low maintenance, this complex offers 6, 1 bedroom, 1 bathroom loft style apartments which boast security screens with functional kitchens, good sized living areas and plenty of storage. There are also 2, 2 bedroom single level apartments at the rear of the complex which boast spacious open living areas, built in bedrooms, security screens and ceiling fans. There is a communal laundry for all units are the rear of the property and the front offers all unit an undercover car accomodation.
Current Rental Appraisals:
Units 1 - 6: 1 bedroom, 1 bathroom loft style units $210 - $230p/w
Units 7 & 8: 2 bedroom, 1 bathroom single level units $260 - $280p/w
Council Rates: $10,703 half-yearly
Current Lease Agreements:
Unit 1 - $210p/w until 24/03/2023
Unit 2 - $195p/w on a periodic lease
Unit 3 - $180p/w on a periodic lease
Unit 4 - $140p/w on a periodic lease
Unit 5 - $175p/w on a periodic lease
Unit 6 - $200p/w until 23/09/2022
Unit 7 - $215p/w on a periodic lease
Unit 8 - vacant
Current yearly return - $78,780.00
Photos of Unit 6 and Unit 7 are pictured.
Call Suzy Spilsbury on 0418 885 414 to arrange inspection.
