As new 2 bedroom Unit on separate title, tenancy agreement in place with long term ideal tenant.
Situated within easy walking distance to the centre of town and set on the high area of town.
This Unit is well designed and appointed with quality inclusions, including all kitchen appliances.
A depreciation schedule is available to any committed buyer.
This Unit has a large lock-up car garage, good sized BBQ area, a rainwater tank and ducted air conditioning.
Rates approx. $470 p/a
Body Corp. approx. $954 p/a
Estimated rent return of $1,950+ p/m this is an excellent investment, and with a relatively small deposit, it could be cash-flow positive immediately! The rental demand in Chinchilla is outstripping supply so therefore this Unit is an excellent buy for a positive return on investment, and capital/ rental appreciation in this dynamic area of Qld!
Property investors guide Your Investment Property Top 100 has nominated Chinchilla one of the top Australian suburbs for investment. (See their August edition)
Chinchilla has a diverse economy, coupled with high rental demand, close to zero vacancy rate.
All the other Units have been rented to the Gas Industry and people will always have the requirement for Cooking and Heating Gas all over the World. The Gas Industry is strong and will continue to be very strong over the coming years.
Mining towns are only able to rely on Coal and Iron Ore sales for industry to make “things” of which most people are able to delay buying or can do without if needed – they cannot do without Gas.
Three of four Units have been sold already; the vendor is motivated to sell and has now reduced the sale price on the last remaining Unit.