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Sold - Lots 64 & 51, Townsville, QLD

Sold – Lots 64 & 51, Townsville, QLD

140  82  2 Bedrooms 2 Bathrooms Year Built: 1999

Located on level 8 with uninterrupted port/ harbour views, this spacious 2 bedroom, 2 bathroom – twin key apartment was fully refurbished at a cost of almost $40,000 in 2015.
140m2 in total including balconies & carport carparking on title.

Rent Increasing 1st August 2018.

Lot Asking Price status Gross Return Net Return Weekly Return Annual Rent
64 $420,000 SOLD 7.14% 5.44% $576.00 $30,000
51 $450,000 SOLD 7.73% 6.66% $669.00 $34,823

Lease Terms: Lease to 31/07/2019  with 4 x 5 Year options.
Rent Increases: 4% yearly with market rent review due 2019

Centrally located Quest Townsville is in the heart of the city’s dining precinct and offers an array of award winning cafes, restaurants and convention facilities as well as easy access to Magnetic Island.
Townsville is the major business hub in Northern Queensland and home to the Lavarach Army Base, one of the major defence installations in Australia which supports jobs and local infrastructure.

A long term- high income investment.

 

 

 

 

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