Inner City Development Potential!

Property Details:

• Property Type: House
• Bedrooms: 10
• Bathrooms: 4
• Car Spaces: 4
• Land Size (m2): 1012
• Property Features: Garage
• General Information:
• Unique dual dwelling property suitable for the astute property developer or investor.
• Large 1,012 m2 block zoned city residential consisting of four flats currently with a combined rental income of $860.00 per week.
• Unit 1 – 4 Bedroom, 1 Bath, new lease at $330 p/w
• Unit 2 – 2 Bedroom, 1 Bath, new lease at $185 p/w
• Unit 3 - 2 Bedroom, 1 Bath, currently rented at $200 p/w
• Unit 4 - 2 Bedroom, 1 Bath, currently rented at $250 p/w
• Large Double Garage
• Gross Income: $50,180 p/a (approx.)
• Gross Outgoings (Water & Rates): $7,725 (approx.) per 6 months
• Previous approved DA application (expired) for multiple dwelling units (8 x 3 bedroom apartments).
• Centrally located within walking distance of the blue water trail on the banks of the beautiful pioneer river, the water park, the blue water quay, Canelands shopping centre and Mackay CBD.

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