10 Palara Street

Currajong QLD 4812

This Solidly built block of three units all on one title located in a sought after area in Currajong is close to shops, entertainment, public transport and has enjoyed long term tenancies with next to no vacancies. Approximately 5km from Townsville CBD, and walking distance from major industrial/commercial employment centres, and literally over the road from Warrina Shopping and Entertainment precinct this is a very convenient location to tenants for both work and recreation.

With interest rates at or near their peak, this is a perfect investment property and would make an excellent inclusion to any portfolio. For sale on one title (no body corp) you have the option to strata-title later and sell individually or hold as a high demand rental asset.

Each of the three units are neat and tidy, renovated and consists of:

- Secure entry way and front patio area with deadlocks front and back
- Tile throughout
- Air-conditioned open plan lounge with access to the rear courtyard.
- Galley kitchen with plenty of bench top and cupboard space.
- Two generously sized bedrooms with air conditioning and built-in robes.
- Bathroom with roman bath and shower, separate toilet.
- Security screens.
- Off street access and low maintenance gardens.
- Private rear courtyard and front lockable patio
- One small garden shed for complex

With current and future demand in the region there is considerable scope for future improvements.

Units fully tenanted and are professionally managed by a local agency with TICA approved tenants on 12 month leases.

Unit 1 - $300pw until end Jan 2024
Unit 2 - $320pw until end April 2024
Unit 3 - $310pw until end Feb 2024

Total Income: $48,360pa
Rates: $7,642
Insurance: $618.39

Depreciation report available.

Please don't hesitate to call to discuss or arrange an inspection