SOLID BUILD, SOLID INVESTMENT

Boost the productivity of your investment portfolio by strapping this rental ‘rocket’ to it and enjoy the solid returns of the current Whitsundays market. Offered for sale in-line on a single title, this set of four units is fully occupied on fixed term leases that do not expire until well into 2025, returning a total annual rent of approximately $78,000.

The single storey concrete block building was solidly constructed circa 1990s, with a Colorbond steel roof. Each air-conditioned unit features two good sized bedrooms with built-in robes, single bathroom with internal laundry facilities, spacious tiled open plan living/dining areas and well-equipped kitchens with plenty of bench space and storage. Private fenced courtyards and lockable store rooms are added bonuses for each unit.

All units have been attentively maintained and updated, including the following:

• All air conditioners still within 5 year warranty period
• All cooktops recently updated
• Units 1 and 4 partially renovated 3.5 years ago
• Unit 2 new shower and flooring 2 years ago
• Unit 4 new carpets 1 year ago
• Entire building exterior re-painted 1.5 years ago

Each unit has a single covered carport. Tenants enjoy being within comfortable walking distance of the main CBD of Bowen including post office, supermarket, dining options and pubs, as well as the harbour foreshore/beach.

Approximate revenue and outgoings are as follows:

• Rent: $78,000 pa
• Council rates: $9,800 pa
• Water: $1,260 pa
• Insurance: $4,743 pa

Call today to discuss your preferred terms and secure this quality asset.