Brilliant investment or live in one house and rent the other
⢠Gross return over $40,000 /year from rental of 2 houses and phone transmitter
⢠40 Acre property some 15 minutes from Toowoomba, high capital gain assured
⢠Rental of land for horses or cattle would add to return.
⢠Property partly planted to Olive trees, balance grazing
⢠Abundant water – 3,000 gph submersible bore, dam and rain water tanks
⢠Steel and concrete shed 12m x 6m with power
House 1
⢠Three bedroom chamfer house with verandahs front and back. Features air conditioning, combustion heating, built in cupboards & polished timber floors currently rented at $350 / week
⢠Numerous sheds for vehicle storage and work shop
House 2
⢠2 bedroom cottage with single car accommodation currently rented at $250 / week
Phone tower
⢠Rented at $9,000 / year plus 5% indexation increase each year. Totally out of site from houses. Possibilty of extra phone tower to increase income further