This block of 8 x 1 bedroom units is a rare opportunity for investors in Townsville. You will have to act fast or you will miss out, this is priced to sell!

So close to the CBD; there is no lack of lifestyle in South Townsville. This property is just minutes from the Queensland Country Bank Stadium, countless restaurants, bars, parks and recreational activities; and in close proximity to Flinders Street, Castle Hill and The Strand!

Current rental appraisals indicate a total yearly return of $117,520. That is a whopping ~13% gross return on your investment! (over 10% NET).

Rental Appraisals:
Units 1, 3 & 7 – Garages - $280 - $300 pw
Units 2, 4 & 5 – Carports - $260 - $280 pw
Units 6 and 8 – No Car Spaces - $240 - $260 pw
Please contact agent for a copy of rental appraisal letters.

Council Rates: $13,269.94 half-yearly

Current Lease Agreements:
Unit 1 - ($180p/w until 05/10/2023)
Unit 2 - ($165p/w until 07/09/2023)
Unit 3 - ($185p/w until 13/10/2023)
Unit 4 - ($170p/w until 03/11/2022)
Unit 5 - ($170p/w until 17/08/2023)
Unit 6 - ($170p/w until 22/09/2022)
Unit 7 - ($150p/w periodic)
Unit 8 - ($165p/w until 13/09/2023)
Current yearly return - $70,460

Photographs depict Unit 6; to view other units please contact agent.

Call Dean Hobson on 0467 778 483 to arrange inspection.