2 Park St, Biloela is a 6 bedroom, 2 bathroom Unit with 2 parking spaces. The property has a land size of 604m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 6 bedroom Unit sold in Biloela in the last 12 months.
INFORMATION MEMORANDUM - https://fnre.co/?b=135637
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Located a short walk from the Biloela Anzac Club and CBD you will find this fantastic investment opportunity consisting of two 3-bedroom, 1-bathroom low maintenance dwellings situated on a 604m2 allotment on one title. Currently returning a total of $720.00 per week with a gross return of 7%. The quality tenants are long term - one with a corporate lease in place.
Each home incudes:
3 bedrooms all with built in wardrobes
Spacious kitchen, dining and living area that opens out to the large entertaining deck
Modern tiled bathroom with shower, two-way access from the hallway and master bedroom
European style, functional laundry
Split-system air-conditioning throughout (living & bedrooms)
Fully fenced, private, low maintenance yards (house 1 with pop-up sprinkler system)
Tinted windows and security screens throughout
Carport and small lock up garden shed
Lease information:
House 1 - Lease end date 04/07/2024 $360 p/w
House 2 - Lease end date 20/05/2024 $360 p/w (corporate lease)
Presented in immaculate condition, these dwellings are ideal for the astute investor looking to enhance their portfolio. A unique opportunity like this does not come along often. Contact Ross or Amanda for further information and to book your personal inspections.
Council Rates: $2,594 per half year approx.
The size of Biloela is approximately 17.6 square kilometres. It has 17 parks covering nearly 7.8% of total area. The population of Biloela in 2011 was 5,884 people. By 2016 the population was 5,770 showing a population decline of 1.9% in the area during that time. The predominant age group in Biloela is 0-9 years. Households in Biloela are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Biloela work in a trades occupation. In 2011, 57.3% of the homes in Biloela were owner-occupied compared with 57.5% in 2016.
Biloela has 2,904 properties. Over the last 5 years, Houses in Biloela have seen a 78.40% increase in median value, while Units have seen a -43.72% decrease. As at 31 October 2024:
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