This block of units is a SOLID investment. Directly opposite this complex is Otto's fresh food market, public transport, convenience shopping, cafes and restaurants. Walking distance to Bayswater Road which will take you to any location in Townsville in moments. The location is wonderful and has suited the current long term tenants very well.
ALL OFFERS WILL BE PRESENTED TO THE OWNER !
This property was built approximately 30 years ago. During the life of the complex, two families different families have owned the homes as a solid investment. The second family purchased the property in 2003 and since this time, all units have experienced 100% occupancy. It is a rare phenomena ... But it is true ! One tenant moved into the property when they were brand new and has never moved out - and doesn't want to in the future either !
Each of the units feature two bedrooms, one bathroom, open plan kitchen dining and lounge area. There are internal laundries in each unit. The design and layout for every unit is the same. Entry to the top level two units are via the staircase at the front of the complex. A balcony is situated outside the two top units - a wonderful spot for the tenants to catch some winter sun.
There is a carport and a storage room on the ground floor for each unit. There is ample additional parking for vehicles from guests or tenants. There is a communal back yard which every one enjoys.
FEATURES:
- NBN Installed and running
- Solid double brick
- Carpeted throughout
- 2X4 Bedrooms with air-conditioning
- Some renovations have been done in some units, however one tenant has requested his unit remain the same
- Returning a total of $940 per week - $47,840 a year
- Separate titles exist for each unit - however this complex will be sold to one property owner
The owners of this investment are looking to start their retirement years and move further south in Queensland. This sale of this property will enable them to do this. The owners have provided me with instructions bring all offers to purchase the property to them immediately. All offers to purchase will be considered. The agent is happy to provide you with all information available on the units including leases, rates, occupancy etc. Please call the agent any day of the week - The agent and her team are here to help.
