91 Ipswich St, Esk is a 9 bedroom, 6 bathroom Unit with 3 parking spaces. The property has a land size of 1357m2.This Property is currently listed for sale with Ray White Rural Esk
*Auction this Saturday 31st August at the Somerset Civic Centre, Esk - Registration open from 9:30am - Auction 10:00am Sharp.*
If you are looking for a high yielding investment opportunity, than you cannot look past 91 Ipswich Street, Esk. The property is a 3 unit complex with long term tenants and fantastic rental yields.
Configuration:
Age:
Circa 2004
Current Tenancies:
Current weekly rental amount $300 - $350 per week
The three units are all currently occupied on fixed tenancy agreements
Current gross annual income = $49,920
Rental Appraisal $375 - $400 per week (high confidence)
Potential gross annual income = $62,400 at $400 per week per unit
Position:
Located in the heart of Esk, walking distance to all of Esk's amenities;
IGA
Post Office
Esk Hospital
Public Transportation
Esk Primary School
Esk Grand Hotel
Brisbane Valley Rail Trail
50min to Ipswich
1hr to Toowoomba
1hr 20min to Brisbane
Potential:
Esk township has one of the lowest investment property ratios in South East Queensland. With limited supply and high demand in the growing Somerset Region, finding tenants will never be an issue.
The property is also located approximately halfway along the Brisbane Valley Rail Trail that attracts approximately 50,000 riders per annum, there is the potential to explore short term holiday accommodation.
The units all come under one singular title, however there is potential to strata title.
The property is low maintenance, high yielding and rare to find so enquire today.
The property is set to go to public auction 10:00am Saturday 31st of August.
*To limit the impact on the tenants in the property, we will only be having one unit open for viewing at the advertised inspection times. All the units are mirror images of one another with very slight differences and all in similar condition.
*The floor plan is representative of all three units.
*All development in the region is subject to council approval & Brisbane Valley Rail Trail rider number estimates have been sourced from www.tmr.qld.gov.au.
The size of Esk is approximately 59.6 square kilometres. It has 5 parks covering nearly 0.5% of total area. The population of Esk in 2011 was 1,755 people. By 2016 the population was 1,681 showing a population decline of 4.2% in the area during that time. The predominant age group in Esk is 60-69 years. Households in Esk are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Esk work in a labourer occupation. In 2011, 73.1% of the homes in Esk were owner-occupied compared with 70% in 2016.
Esk has 1,081 properties. Over the last 5 years, Houses in Esk have seen a 111.22% increase in median value, while Units have seen a 105.38% increase. As at 31 July 2024:
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