Looking for a “BLUE CHIP” Investment Opportunity? Gross Return approx. 8.4%! Townsville’s Vacancy Rate Still Around 1%!
Townsville’s rental market is BOOMING with outstanding returns on offer! The cities unemployment rate sits at approx. 2.3%, with an abundance of jobs and ongoing projects in the pipeline.
Explore an exceptional chance for high-yield investment at 23 Girraween Avenue, Douglas. Built in 2018, this property offers an impressive gross return of 8.4% with potential to increase. With established, fixed-term leases and professional real estate management in place, the projected financial gains are robust.
This remarkable two-story residence features seven spacious bedrooms and bathrooms, each fitted with its own fire safety system. Encompassing a generous 340m2 under roof , the layout includes contemporary conveniences like LED lighting and split-system air conditioning throughout the open-concept lounge and dining spaces, ensuring tenant comfort throughout the year.
Complete with two fully equipped kitchens and laundries containing all necessary appliances, the property's high ceilings (2.7 meters) amplify the feeling of space. Accommodating up to five cars, the parking area is ideal for students commuting to the nearby James Cook University Townsville, just a short walk away. Additionally, recreational parks are conveniently accessible for tenant enjoyment.
Investors will value the substantial depreciation schedule associated with this relatively new construction from 2018. Don't let this rare opportunity slip by – secure sought-after accommodation in the popular, high-end suburb of Douglas today!
- Current yearly return of $84,500 (Returned $81,991 in 2022/2023 financial year)
- Current rental income is $1,625 per week in total - Gross Yield approx. 8.4%
- 7 Decent size bedrooms rooms which include a double bed and bedside table
- Two solar systems totalling 13KW
- Strong depreciation schedule ($20,000 in 2022/2023 financial year)
- 2 Kitchens with stone benchtops, refrigerators, microwaves, dishwashers and toasters and 2 Laundries which include washers and dryers
- Both floors feature 2.7m ceilings, LED lighting and split system air conditioners, and the property is fully security screened
- Short distance from Townsville Hospital, James Cook University, Jazzine Barracks – HIGH DEMAND LOCATION means very little vacancy time between tenants
Seize this exceptional investment prospect now! Call Catherine
Please note - All parties should make and rely upon their own enquiries in order to determine the accuracy of the information supplied.
