Dual Occupancy Investment Property
Opportunity to invest at 5.5% return on current market rates with rentals expected to increase in Townsville over the coming years. With leases in place and renewed there are no vacancy issues. Reduce your investment risk as there are two rental incomes on the one title. Flood free property in recent Townsville Floods. This property is only 4 years old and boasts continuous tenancy since being built in the popular suburb of The Village in Oonoonba. Only Minutes to the Townsville CBD and new stadium and servicing Australia's largest Military base, The Townsville Hospital and James Cook University. Nearby is the expanding Fairfield Central Shopping Centre with a New styled Woolworth's, Kmart and a new Coles opening soon including more speciality stores, eateries with Bunnings across the road and a Home Makers centre adjacent to Bunnings Fairfield . Due to the multiple bathrooms and two kitchens the depreciation is greater on this property than a standard home of the same size . A current depreciation schedule is provided with the sale of this property.
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