This set of 6 fully tenanted units are located right where you want them to be – right in the heart of North Ward! Only a short stroll to everything, this property has seen and will see great returns now and into the future.
The property consists of 6 units in total consisting of 2 x two bedroom units and 4 x one bedroom units. The two bedroom units are large in size and the one bedroom units are also generous in their proportions. There is covered parking for all six units and a shared laundry area.
The complex's masonry block construction means lower maintenance. There is plenty of room for improvement here but the property is still showing a very credible 7% gross return on asking price. If you are looking to future proof the investment the land size of 1,012 sqm also gives great opportunity for redevelopment.
Being situated so close to the beach, shops, cafes, bars and restaurants these units have very little down time between tenants.
While southern markets falter Townsville’s property market is still on the march and opportunities like this don’t come along often.
Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies and we accept no liability for any errors or exclusions (including but not limited to a property’s land size, floor plans and building age). Accordingly all interested parties should make their own enquiries and obtain their own legal advice.
8
6
6