11 Melton Terrace is one of those iconic Townsville properties that you often just wonder ‘who owns that’ or ‘wouldn’t it be great to live there’! Well now you can be the one to own it and if you want to live there!
Consisting of 4 units each having 2 bedrooms and 2 bathrooms, a large living dining area with enclosed front veranda and magnificent views across Ross Creek, the inner marina and out to Mount Elliot. Each unit also has its own lock up garage and there is shared outdoor entertainment area that takes in that brilliant view.
Current owners had plans to convert the top two units to one large 4 bedroom home while keeping the lower two units as short stay accommodation. Perfect home and lifestyle situation with income. What you do is only limited by your imagination.
The property was previously self-managed for Airbnb type accommodation but is now professionally managed with full time tenants in place. Currently showing a gross ROI of 5.56% there is room to improve on this by returning back to BnB type accommodation.
The seller is looking for ‘Expressions of Interest’ with a guide of offers over $2m which given the current climate and income is incredible buying for a slice of iconic Townsville real estate, in one of the country's fastest growing economies.
Inspection by appointment only.
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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.
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