7 Mcilwraith Street

Located at 7 Mcilwraith Street in the vibrant heart of Ingham, this property comprises a substantial 1998 sqm (almost half an acre) allotment of prime residential land. Positioned directly across from the Ingham District Hospital, it is surrounded by high-return properties. This duplex and its expansive allotment offer significant potential for investors. The entire duplex has been extensively renovated, featuring a new roof and gutters, fresh exterior paint, and complete interior upgrades. Each unit within the complex boasts two air-conditioned bedrooms, a modern kitchen, new floor coverings, freshly painted interiors, a bathroom with a separate toilet, and covered car parking. This investment provides a 9.40 % Gross Return, with potential for further enhancements, especially considering the large size of the land. Notably, the neighboring allotment at the rear is also available for purchase, which could allow for dual street access, expanding development possibilities. This property represents a solid investment opportunity for those seeking growth potential in their portfolio. For more information or to arrange a viewing, please contact our agents today.