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Home For Sale

Offers Over $1,250,000

Type: Block of Units

Land (sqm): 1294

Bedrooms: 14 Prop-GPT: Bedrooms  Bathrooms: 8 Prop-GPT: Bathrooms


8 Unit Cash Cow 11% ROI*

Full disclosure: Virtual furniture used for presentation

Attention Investors: Block of 8 Units $137,280 p.a
Fixed Leases - with room for rental increases
Single Title = No Body Corp fees
Opposite Ingham Hospital & walking distance to state school and CBD
Turnkey investment, ready to go!

Property Features
Unit Configuration:
Ã-Æ'Ã-'¢- 6 x 2-bedroom, 1-bath units - spacious open-plan living, polished timber floors
Ã-Æ'Ã-'¢- 2 x 1-bedroom, 1-bath units - functional layout with multiple practical living spaces
Ã-Æ'Ã-'¢- Large spacious units. *Images have been digitally styled.
Ã-Æ'Ã-'¢- Select units have been upgraded over the past 2 years with modern kitchens,
bathrooms, appliances, air conditioning, hot water systems, tapware, security screens,
and TV antennas
Ã-Æ'Ã-'¢- Driveway resurfaced 2 months ago
Ã-Æ'Ã-'¢- Roof replaced approx. 5 years ago
Ã-Æ'Ã-'¢- Smoke alarms, electrical and maintenance fully up-to-date

Additional Features Include:
Ã-Æ'Ã-'¢- Solid, pest-free, low-maintenance construction
Ã-Æ'Ã-'¢- Fully managed by Belle Property (management fees 9% including GST, covering all fees)
Ã-Æ'Ã-'¢- Tenants have been stable for multiple years, with no arrears
Ã-Æ'Ã-'¢- Trusted local trades list provided for smooth handover and ongoing maintenance Location Highlights
Ã-Æ'Ã-'¢- Directly opposite Ingham General Hospital
Ã-Æ'Ã-'¢- Short walk to schools, town CBD, showgrounds, and churches
Ã-Æ'Ã-'¢- Convenient access to local amenities for tenants, ensuring strong rental demand Rental Information
Ã-Æ'Ã-'¢- Current gross rent: $2,640 per week / $137,280 p.a.
Ã-Æ'Ã-'¢- Offers Over: $1,248,000 - approx. 11% return
Ã-Æ'Ã-'¢- Most tenants signed 2-year leases 12-18 months ago; current market rents are higher
and could be implemented when leases expire
Ã-Æ'Ã-'¢- Rates approx. $17,000 p.a. (including water & waste)
Ã-Æ'Ã-'¢- Insurance: Strata renewal $5,193.73 + 8 landlord policies $1,278.61
Ã-Æ'Ã-'¢- Tenants have been historically employed as local teachers, nurses, police recruits, support workers, BWS, sugar mill workers, etc.
A Smart, High-Yield Investment
Opportunity to secure an entire 8-unit complex with stable tenants, strong rental income, and
select upgraded units. With future rental growth potential and a prime central location, 1-8/9
McIlwraith Street represents a secure, high-performing asset for savvy investors.
Be quick, opportunities like this are very rare! Contact Paul & Mel for further information or to
arrange a private inspection

Address

1-8/9 Mcilwraith Street, Ingham Queensland 4850, Australia 4850

Allingham, QLD 4850, QLD

Other Facilities/Amenities: http://raywhitetownsville.com.au/L34404061


Melissa Kotze

Prop-GPT: Contact by Phone419121543   Prop-GPT: Contact by WhatsAppWhatsApp
Email: teamkotze@raywhite.com Prop-GPT: Contact by email Email



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