30/30-34 Palmer Street, South Townsville, QLD, 4810

For Sale

30/30-34 Palmer Street, South Townsville, QLD, 4810

$332,000

116 m²

Apartment

•

30+ days on the market

Inspection times

Inspections are by appointment only.

What's around 30/30-34 Palmer Street

2 bed, 2 Bath, 2 x kitchens & 2 balconies!

INVESTORS- Act quickly to secure this Two-bedroom, 2 bathroom dual key twin apartment. With full harbour and pool view from both balconies, a dual key configuration offering versatility with bookings, 117m2 of total floor space, & carpark on title- an opportunity to add a prime location to your investment portfolio. Under long term lease, rents are fixed, not dependant on occupancy and have scheduled annual increases. There are no management fees, and the hotel group own and maintain furniture, bookings, cleaning and usage including electricity and water. With an interconnecting door the apartment can be split and leased as separate: 1 x one bedroom with main bathroom including spa bath, fully equipped kitchen, balcony and laundry. 1 x Studio with kitchenette, ensuite bathroom and balcony Or the apartment can remain as a complete 2 bed, 2 bath lot. Please note images are of same apartment one floor above ** Type: 2 bed twin key with 2 x balconies and carpark on title. ** Lease term: 2024- 2029 with 2 x 5 years and 1 x 7 years ( 17 years remaining) Current rent: $27,586 pa- 8.30% gross/ 4.33% net July 2027 + 3%= $28,414 pa - 8.55% gross July 2028 + 3%= $29,266 pa - 8.81% gross July 2029 - Market Review Outgoings: OC Admin & Insurance $6488 OC Sinking $3050 Council & water rates: $3500 For more information please phone Mandy Fountain- 0408 10 30 10. Specialist In Serviced Apartments Sales across Australia with a sound understanding of the lease and tenant and owner obligations. Disclaimer The information contained in this brochure has been provided by the vendor and other sources and is believed to be reliable; however, it has not been independently verified. It is provided for general information purposes only and does not constitute financial, investment, legal or taxation advice. Prospective purchasers should conduct their own independent enquiries and due diligence and obtain appropriate professional advice before making any investment decision. No warranty or representation is made as to the accuracy or completeness of the information, and no liability is accepted for any errors, omissions or reliance placed upon it.