Sold
$356,000
5/39 Netherton Street, Nambour QLD 4560
Unit / Apartment
211
Block size: 226 m² approx.
Investors take note! LONG term tenant in place.
Wow! What an opportunity this property presents to the savvy investor: a top floor unit with 180-degree views across Nambour CBD and beyond, under $400,000 WITH a long-term tenant in place until April 2025.
Comprising of 6 units on a 1,070m2 block, this 1980 built complex is located a short walk to Public Transport, Selangor Private Hospital, Nambour General Hospital, Cafes and Nambour Aquatic Centre: whilst being a 3min drive to Nambour CBD and Train Station. Of course, let's not forget, you are still just 20 mins to Sunshine Coast Airport and our World Class Beaches.
5/39 Netherton Street is a spacious 2 bedroom, 1 bathroom walk up unit with a separate Single Lock Up Garage.
Entering the unit, you immediately step into the kitchen, which has been updated and offers modern appeal and loads of cupboard space: however your attention is quickly drawn beyond the kitchen to the natural light radiating in via the loungeroom window.
Being so elevated, there is nothing to obstruct the natural blue sky and as you step closer, the beautiful view unfolds, beyond the Mango Tree and out to the Nambour CBD. A few steps sideways and out to the rear balcony, the entirety of the view unfolds .... All 180 degrees of it!
Back inside, both Bedrooms are quite large for this size unit. Bedroom 2 has built in robes and ceiling fan, whilst the Main Bedroom has a ceiling fan and built in robe, plus an additional robe (or linen storage) as you enter the dual purpose bathroom (bathroom & laundry) which functions as an ensuite.
Whilst the current tenant has a lease favourable to them by current market standards, at $350 per week, that still represents 4.9% yield at $370,000: with big upside opportunity at lease end. (minor/further updates, could have big impacts of the return).
Body Corp is approx. $3,060 per annum.
Rates are approx.. $1,480 per annum.
**PLEASE NOTE: there is currently a work site in the rear yard of the complex. This work site is the replacement of a substantial retainer wall, to the value of $250,000.
Please know: Unit 5 is PAID IN FULL for their contribution to this project. This is a substantial investment, to the long term benefit and peace of mind of the complex.
*Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Comprising of 6 units on a 1,070m2 block, this 1980 built complex is located a short walk to Public Transport, Selangor Private Hospital, Nambour General Hospital, Cafes and Nambour Aquatic Centre: whilst being a 3min drive to Nambour CBD and Train Station. Of course, let's not forget, you are still just 20 mins to Sunshine Coast Airport and our World Class Beaches.
5/39 Netherton Street is a spacious 2 bedroom, 1 bathroom walk up unit with a separate Single Lock Up Garage.
Entering the unit, you immediately step into the kitchen, which has been updated and offers modern appeal and loads of cupboard space: however your attention is quickly drawn beyond the kitchen to the natural light radiating in via the loungeroom window.
Being so elevated, there is nothing to obstruct the natural blue sky and as you step closer, the beautiful view unfolds, beyond the Mango Tree and out to the Nambour CBD. A few steps sideways and out to the rear balcony, the entirety of the view unfolds .... All 180 degrees of it!
Back inside, both Bedrooms are quite large for this size unit. Bedroom 2 has built in robes and ceiling fan, whilst the Main Bedroom has a ceiling fan and built in robe, plus an additional robe (or linen storage) as you enter the dual purpose bathroom (bathroom & laundry) which functions as an ensuite.
Whilst the current tenant has a lease favourable to them by current market standards, at $350 per week, that still represents 4.9% yield at $370,000: with big upside opportunity at lease end. (minor/further updates, could have big impacts of the return).
Body Corp is approx. $3,060 per annum.
Rates are approx.. $1,480 per annum.
**PLEASE NOTE: there is currently a work site in the rear yard of the complex. This work site is the replacement of a substantial retainer wall, to the value of $250,000.
Please know: Unit 5 is PAID IN FULL for their contribution to this project. This is a substantial investment, to the long term benefit and peace of mind of the complex.
*Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
Inspections
No open inspections scheduled.
Send an enquiry
Contact Jason Stock to learn more about this property, request an inspection or take an online tour.
Key details
Bedrooms:
2
Bathrooms:
1
Garage Spaces:
1
Property type:
Unit / Apartment
Block Size:
226 m²*
Other Details
Lot:
5
Plan Type:
BUP
Plan:
1049
Legal description:
5/BUP1049
Maps and area information
Block information
Block size: 226m² (approx)
Legal description: 5/BUP1049
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
08 Apr 2024
Sold
REMAX Property Sales
$356,000
Contract: 08/04/2024
Listed: 20/12/2023
Days on market: 110
Transfer type: Full transfer
Nambour suburb information
A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
42 years
Population
12,145
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Listing ID: 182178876. This listing has been viewed 64 times. It was first displayed on 20/12/2023 and last updated on 22/04/2024.
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.