Townsville is the largest tropical city in Australia and has emerged as one of the most dynamic and livable cities in the country in recent years. The stable economy and prospects for future growth underpin a sound investment environment for owner occupiers and property investors alike.
The key to the strength of the Townsville economy lies in its diversity. Contributions are received from many industry sectors, with no one industry dominating the economy
Bernard Salt, Australia’s leading demographer writes:” Townsville is unlike any other city in Australia. No city of comparable size has quite the connection into the future prosperity of the Australian nation as does Townsville. Townsville’s next phase of growth is likely to accrue the critical mass in population to transform from regional centre to a metropolitan centre.”
There has never been a smarter time to invest than now! This exceptional two bedroom dual key apartment on the 8th floor, is managed by the Quest group and has guaranteed rental income. Located in the City’s most sought after entertainment, dining and retail hub – with the vibrant CBD on your doorstep, this would have to be one of the finest locations in Townsville.
- Strata Tiled property
- Long term leases
- Fixed annual rental increases at 4%
- No vacancies
- No management fees, no repairs
- Attractive taxation benefits
- No Rates or utility costs
- Fully furnished
Apartment ( 805)
Fully self contained kitchen
Separate double sized bedroom with built in cupboards
Designer bathroom with luxurious corner spa
Balcony with stunning marina and city views
Apartment (806)
Open plan living
Double bed
Small kitchenette
Separate bathroom
Balcony with stunning marina and city views
This unit has a guaranteed weekly income of $580.76 offering a 7.9% return on investment. In April 2014 this will increase to 8.28%, and by April 2016, the weekly income will be $653.18, increasing return of investment to almost 9%!
Currently this unit is on a five year lease , with an addition 2 x 5 year lease options.
This is a worry free and sound investment, to own a strata title property which also offers great tax depreciation benefits. per annum until 2017 + 2 x 5 year options.