Returns $50,578 pa ($970 pw) – 10.2% pa yield on sale price at full occupancy.

Some refurbishment has been undertaken.

8 flats – 6 x 2 bedroom and 2 x 1 bedroom – built on 1998 m2 allotment. Scope for further development STCA.

Already a good investment, can be further enhanced – ideally located opposite the new Ingham Hospital and easy walking distance to shops, high schools and primary schools, aquatic centre and showgrounds. This property has room for expansion as the total land area is approx half acre and has 2 street frontage.

The property is generally in good condition – some of the units are furnished and have air conditioning. Units are of generous size with open plan living areas with 2 large bedrooms – 1 bedroom in 2 flats. Separate bathroom and toilet in each unit – laundries and parking are located downstairs.

These units are ideally positioned. Potential for capital gains and increased rent returns by carrying out further refurbishment.

At full occupancy the rent is approx $50,580 pa giving a 10.2% pa gross yield (currently 3 flats are vacant).

Call Ray White today for an inspection. Gross rates 2009-2010 $9,546.36.

Sustainability Declaration available upon request.