TULLY – Attention Builders/Renovators wanting a great opportunity.
Extensive works conducted recently, including new roofing to current cyclone standards, new front balcony new aluminum lap sash windows, internal painting, new carpets and extensive electrical wiring including a main power board with current compliance. In all nearly $500,000 in major works. Full Scope of Works documentation available upon request. Improvements could include new compact kitchens, upgrade to basic bathrooms, landscaping and air conditioners through out.
Previous tenancies returned $220 per week and with all let this complex has the potential to produce an income of approx. $91,520 per annum gross. Outgoings are very reasonable indeed, Council Rates $10,400 per annum, including Water. Structural Building Insurance $3300 per annum and as the complex is on the one title there are NO BODY CORPORATE FEES OR LEVIES.
Solidly constructed, elegant colonial styled brick block of 8 units for sale walking distances from the center of town and close to all facilllities including Hospital.
Each unit 2 bedrooms, 1 bathroom, in small tranquil complex of 8. Generous1265m2 Land with 8 rear carports.
* Close to Tully Mill for workers accommodation
* Walking distance to the hospital
* Close schools and railway station.
* Walking distance to Tully CBD
All the big expenses have been made in the recent reconstruction and there is potential for further improvement. BE QUICK TO SNAP THIS ONE UP. CONTACT GEOFFREY SMITH NOW.