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Arguably one of South Townsville's most distinctive duplexes is now available for purchase by Expression of Interest. This remarkable property stands out due to its prime location and the exceptional investment opportunity it offers. Situated in a highly sought-after area, the duplex promises optimal returns, making it an investor's dream. Take advantage of two full-sized properties without the hassle of a body corporate. This means you can enjoy all the benefits of owning substantial real estate while avoiding the additional costs and regulations that typically come with body corporate management. This unique feature enhances the property's appeal, making it a highly desirable option for savvy investors looking to maximize their returns and simplify their investment. The property comes with active leases, ensuring immediate rental income for the buyer. This unique combination of location, financial efficiency, and immediate returns makes this duplex a rare find in the South Townsville market.
Welcome to 21a/b Nelson Street, South Townsville
The Property:
? 8 Generous Bedrooms
? Spacious and tiled open plan living area offering ease of maintenance, while the bedrooms and study are carpeted, providing added comfort and warmth
? Each unit features a modern bathroom, each equipped with both a shower and a tub. while the ensuite in both units feature a walk-in shower both offer comfort and convenience for contemporary living.
? Each unit features an internal laundry facility, providing residents with convenient and discreet access to laundry amenities within the comfort of their home.
? The property boasts a total of four secure garage spaces, ensuring ample and safe parking for residents.
? Each unit features dedicated study areas, providing ample space for remote work or personal projects.
? Both units are fully fenced and include private courtyards, providing residents with secure and secluded outdoor spaces.
? Both units are equipped with ducted air conditioning, ensuring comfortable temperatures throughout the entire property all year round.
? Constructed 2016
? Each unit features a well-appointed kitchen equipped with quality appliances and complemented by sleek stone benchtops, combining functionality with modern elegance.
The Location:
Situated in South Townsville, this property is centrally located. Close to shopping, eateries, parks, entertainment, and education.
? 5 minutes to Townsville city center offering access to major shopping centers, cafes, popular Castle Hill and Kissing Point lookouts, restaurants etc.
? 5 Minutes to Queensland Country Bank Stadium
? 9 Minutes to Castletown Shoppingworld
The Opportunity:
- You'll promptly start reaping the benefits of your investment with the existing leases, current gross return $54,080 per year. The lease for 21B is set to expire in August 2025, while the lease for 21A is due to expire in February 2025. Based on current market trends, it is anticipated that rental rates for both units could see an increase to approximately $550-600 per week when renewal time approaches.
Interested parties should verify the accuracy and currency of the information and make their own independent inquiries as the agent cannot attest to the correctness of the information provided. Some file photographs in use may have been taken some time ago or modifications have been conducted at the property since the photography. Please rely on your own inspection and investigations to determine if this property is suitable for your requirements and information provided is general in nature. First National Townsville bears no liability for any loss sustained due to inaccuracy or omission.