77 Simpson StreetMenzies QLD 4825
Property Details for 77 Simpson St, Menzies
Last Listing description (July 2023)
Looking to invest in good quality??! Look no further than the units at 77 Simpson Street. We have four excellent new units with quality government tenants, leased until 2016 with 2 x 1 year option periods. The units will be strata titled so invest in one or all four! Low maintenance brand new buildings, under original warranty all built by quality local builder. These units are available to purchase for a solid 7.5% investment return.
This quality of build is rare in Mount Isa and the security of these government leases make them a fantastic investment.
2 x 2 bedroom & 2 x 3 bedroom units, all with 2 bathrooms
Brand new units leased until 2016 currently returning 7.5%.
Leased for $9533.32 pcm until mid 2016 with a 2 year option.
Ideal for depreciation schedules and tax benefits.
Large kitchen/open plan living, finished perfectly with quality fittings
Private courtyard, covered carport, splits throughout.
Current rates: $3,515.00 half yearly.
Call Kieran Tully 0416 177 001 or John Tully 0429 029 289 if you want to crunch numbers!
Property Code: 852
Property History for 77 Simpson St, Menzies, QLD 4825
- 21 Apr 2014Listed for Sale Reduced $350,000 each
- 15 Apr 2011Sold for $200,000
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0About Menzies 4825
The size of Menzies is approximately 1 square kilometres. It has 2 parks covering nearly 37.5% of total area. The population of Menzies in 2011 was 965 people. By 2016 the population was 987 showing a population growth of 2.3% in the area during that time. The predominant age group in Menzies is 20-29 years. Households in Menzies are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Menzies work in a trades occupation. In 2011, 36.6% of the homes in Menzies were owner-occupied compared with 34.3% in 2016.
Menzies has 566 properties. Over the last 5 years, Houses in Menzies have seen a 17.74% increase in median value, while Units have seen a -26.05% decrease. As at 31 October 2024:
- The median value for Houses in Menzies is $240,887 while the median value for Units is $248,897.
- Houses have a median rent of $410 while Units have a median rent of $295.
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