High returns available in Innisfail QLD.

It is a block of 4 strata titled, 2 bedroom units that are in very tidy condition on 1000m2. Located a few minutes from the centre of Innisfail, each two bedroom unit is a spacious 92m2 in size. Features include, open plan living, spacious kitchen, linen cupboard, bathroom and separate toilet, internal laundry and a large single lock-up garage with internal access. Each bedroom has new carpet plus split system air conditioning, so depreciation is high. The building is in excellent condition, and recently painted inside and out. There are firewalls between all units. Fences are in good condition with the side fences of new colourbond. One hot water system is new, the others in good condition. The street is a quiet Cul-de-sac in a good area. There is a Post Office and service station nearby.
The body corporate is low ($1300 p.a.) and you may choose to cancel it if you purchase the whole property. The rates are $904 per unit per half year. I have a full property budget if you wish to see it.
Rental return is $670 per week. At the last tenant change, there was 3 days between tenants. Prior vacancy was in 2006. There has never been an issue of finding good tenants.
Units 1 and 2 leased @ $170pw. (Long term tenants)
Unit 3 periodical @ $160pw (long term tenant)
Unit 4 lease has been increased to $170pw and lease renewed.
This is an excellent buy at a price of $512,000 neg. I have a 2008 valuation of $600,000
Please ring me if you require further information. Attached are photos plus a copy of the strata plan.
Regards,
St Marys and Plumpton Professionals Real Estate

Terry Hansen J.P. (L.R.E.A.) Auctioneer
Managing Director
terry.hansen@bigpond.com.au
www.stmarysprofessionals.com.au
02 9673 4422 // 0418 245 683