6 Snelham Street, Rosslea QLD 4812

This block of 4 very low maintenance units is a rare opportunity for investors looking in Townsville. The potential is endless with this solid block and most of the work done for you with recent renovations taken place. 10 minutes to the CBD, The Strand and Queensland Country Bank stadium and a short drive to Rising Sun Plaza & Ottos Market Precinct, this location boasts convenience which potential tenants will are going to love.

Super low maintenance, the complex offers 4 identical, 2 bedroom, 1 bathroom, 1 car renovated flats, which boast air conditioning, security screens with functional kitchens, good sized living areas and plenty of storage. There are front and rear porches accomodating to each unit and the block/common area is grassed and low maintenance.

Directly across from a gorgeous park and river, the walking tracks are endless, your tenants will be at home in no time.

- 4 steady rental incomes currently sitting at 7.6% gross return (see below).
- Currently on the one title, therefore NO body corporate
- Potential for strata titling or development subject to council approval
- Council Rates: $11,924 per year

Current Lease Agreements:
Unit 1 - $290p/w
Unit 2 - $290p/w
Unit 3 - $290p/w
Unit 4 - $320p/w

Current weekly Return - $1,140
Current Yearly Return - $59,280

Call Suzy Spilsbury on 0418 885 414 to arrange an inspection.