1-3/39 Brisbane Street, Bowen QLD Sold - Sold for $440,000

SOLID CASH FLOW INVESTMENT OPPORTUNITY

Sitting on a large 1024m2 corner parcel of land; a triplex pack of units offering excellent rental returns is the perfect addition to your rental portfolio or a great income stream for your super fund. Currently the property is returning $600 per week for two of the units and the third unit has been kept vacant for the owners own use. The third unit will also easily return $300 per week. Across the whole property you can expect a solid $900 per week return. Each of the units is fully furnished and setup perfectly for short term or long term tenants as self contained properties. They are very popular with seasonal contractors looking to accommodate workers. Just a few minutes walk from this location is Woolworths supermarket and Mullers Lagoon parkland and the CBD in the opposite direction. For occupants without cars, this makes this location very convenient. All units are compact three bedrooms, one bathroom and an open plan living area and kitchen. Laundry spaces are located at the rear of the units downstairs.

A triple carport is situated at the very end of the complex and the property opens onto Bowen's very large footpaths that offer loads of extra parking space. With the block size, there may even be a possibility of squeezing another unit on the site (STCA).

The units are solid, in good condition and perfectly suited to the rental market. There is a huge opportunity to value add to these properties with future renovations.

Crunch your numbers on this one, it is sure to be a positive investment for you.

 

Property Features

• Kitchen
• Floorboards
• Air Conditioning
• Furnished
• Outdoor Entertaining Area

Agent Information