Under Offer 26/04/2024
CONTACT AGENT
114 Bowen Road, Rosslea QLD 4812
Apartment
1265
Block size: 1059 m² approx.
ATTENTION INVESTORS! GOLDEN OPPORTUNITY - APPROX. 9.4% GROSS RENT RETURN
This unique property presents an exceptionally rare opportunity to invest in a block of 6 units on a huge 1067sqm block. Townsville's rental market is BOOMING, and with consistently low vacancy rates, now is the time for astute investors to expand their portfolio!
The complex is comprised of FOUR 2 bed 1 bath units, ONE 3 bed 1 bath townhouse and ONE 1 bed 1 bath studio. Each unit has its own private, internal laundry and covered car accommodation. The units are generous in their proportions, featuring spacious lounge rooms, large bedrooms and modern kitchens.
Located just minutes from Stockland Shopping Centre and Kmart Plaza, public transport, schools, James Cook University, Townsville Hospital and the Army Barracks, these units provide exceptional convenience. This premium location means very little vacancy time between tenants.
There is room for rental return improvement here but the property is already showing an incredible 9.4% GROSS RENT RETURN on asking price.
- Currently on one title, therefore NO body corporate
- 6 steady rental incomes currently sitting at approx. 9.4% gross return (see below)
- In-ground pool
- Covered parking
- Exceptionally convenient location close to all amenities
Rental Appraisals (under current market conditions):
UNIT 1 - approx. $320-330 per week
UNIT 2 - approx. $320-330 per week
UNIT 3 - approx. $320-330 per week
UNIT 4 - approx. $320-330 per week
STUDIO - approx. $290-300 per week
TOWNHOUSE - approx. $370-380 per week
That's a potential return of up to $104,000 per year which equates to an impressive approx. 10.1% Gross rental return!
Council Rates: Approx. $8040 half yearly (includes water)
Current Leases Agreements:
UNIT 1 - $290 p/w until 11.11.24
UNIT 2 - $280 p/w until 09.09.24
UNIT 3 - $280 p/w until 22.08.24
UNIT 4 - $290 p/w until 27.01.25
STUDIO - $280 p/w until 23.09.24
TOWNHOUSE - $350 p/w until 27.01.25
Current weekly return $1770
Current yearly return $92,040
Opportunities like this do not come up often and with accommodation in HOT DEMAND in Townsville, this property will not last long! Call Catherine today!
Features include: Air Conditioning,Built-In Wardrobes,Close to Transport,Close to Shops,Pool,Close to Schools,Courtyard,Fully Fenced,Broadband Internet Available
The complex is comprised of FOUR 2 bed 1 bath units, ONE 3 bed 1 bath townhouse and ONE 1 bed 1 bath studio. Each unit has its own private, internal laundry and covered car accommodation. The units are generous in their proportions, featuring spacious lounge rooms, large bedrooms and modern kitchens.
Located just minutes from Stockland Shopping Centre and Kmart Plaza, public transport, schools, James Cook University, Townsville Hospital and the Army Barracks, these units provide exceptional convenience. This premium location means very little vacancy time between tenants.
There is room for rental return improvement here but the property is already showing an incredible 9.4% GROSS RENT RETURN on asking price.
- Currently on one title, therefore NO body corporate
- 6 steady rental incomes currently sitting at approx. 9.4% gross return (see below)
- In-ground pool
- Covered parking
- Exceptionally convenient location close to all amenities
Rental Appraisals (under current market conditions):
UNIT 1 - approx. $320-330 per week
UNIT 2 - approx. $320-330 per week
UNIT 3 - approx. $320-330 per week
UNIT 4 - approx. $320-330 per week
STUDIO - approx. $290-300 per week
TOWNHOUSE - approx. $370-380 per week
That's a potential return of up to $104,000 per year which equates to an impressive approx. 10.1% Gross rental return!
Council Rates: Approx. $8040 half yearly (includes water)
Current Leases Agreements:
UNIT 1 - $290 p/w until 11.11.24
UNIT 2 - $280 p/w until 09.09.24
UNIT 3 - $280 p/w until 22.08.24
UNIT 4 - $290 p/w until 27.01.25
STUDIO - $280 p/w until 23.09.24
TOWNHOUSE - $350 p/w until 27.01.25
Current weekly return $1770
Current yearly return $92,040
Opportunities like this do not come up often and with accommodation in HOT DEMAND in Townsville, this property will not last long! Call Catherine today!
Features include: Air Conditioning,Built-In Wardrobes,Close to Transport,Close to Shops,Pool,Close to Schools,Courtyard,Fully Fenced,Broadband Internet Available
Inspections
No open inspections scheduled.
Send an enquiry
Contact Catherine Jeffrey to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
12
Bathrooms:
6
Garage Spaces:
5
Property type:
Apartment
Block Size:
1059 m²*
Other Details
Lot:
1
Plan Type:
RP
Plan:
710981
Legal description:
1/RP710981
Maps and area information
Block information
Block size: 1059m² (approx)
Legal description: 1/RP710981
Measurements are estimates only and based on data provided under licence from
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Property history
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Rosslea suburb information
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SummaryMedian sales
Average Age
37 years
Population
1,903
Listing ID: 182332742. This listing has been viewed 2 times. It was first displayed on 27/02/2024 and last updated on 26/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.