Nestled in the heart of South Townsville, this property presents an exceptional investment opportunity with strong rental potential. Featuring a thoughtful layout and modern amenities, this property is sure to appeal to a wide range of investors.
The main residence boasts a spacious open-plan design that seamlessly integrates the kitchen, living and dining areas. The kitchen is well-equipped, with ample counter space and storage complemented by high-quality stainless-steel appliances. The living room provides a comfortable and inviting space for relaxing or entertaining guests.
Venture down the hallway to discover the generously sized bedrooms, each with built-in wardrobes ensuring ample storage. The master bedroom enjoys the added luxury of an ensuite bathroom, while the additional bedrooms share access to the main bathroom. Tile flooring throughout the living areas creates a clean, contemporary aesthetic, while the bedrooms are carpeted for added comfort.
Beyond the interior, this property offers the convenience of a carport, providing secure parking for the tenant. The well-maintained property also features an air conditioning system, ensuring year-round comfort. Residents can also enjoy a communal swimming pool, perfect for relaxing on warm days or socialising with neighbours.
The surrounding neighbourhood is vibrant, with an array of shops, cafes, and recreational facilities nearby, catering to the diverse needs of potential tenants.
This opportunity at 29/38 Morehead Street presents an exceptional investment. It combines a desirable living experience with the potential for strong rental returns. Don't miss the chance to secure this versatile and well-appointed property in the heart of South Townsville.
** Private inspection - by appointment only **
Property Features:
? Long-term tenant with a rental return of $520.00 with an expected increase to $540.00 per week
? Lease expires December 2025
? Approx. Body corporate fees per year $5,940.00
? Spacious open-plan living with integrated kitchen, dining, and living areas
? Well-equipped kitchen with ample storage and high-quality appliances
? Three generously sized bedrooms with built-in wardrobes and a master ensuite
? Tile flooring in living areas, carpet in bedrooms for comfort
? Carport with additional storage
? Air conditioning for year-round climate control
? Location minutes from the Townsville CBD, The Strand and Palmer Street
? Approx. half-yearly rates $1,661.89
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.31 km | 2 | 1 | -m2 | 2024 11 25 | - | Council approved | |
 | 0.02 km | 2 | 2 | -m2 | 2024 10 29 | $297,500 | Council approved | |
 | 0.20 km | 2 | 2 | -m2 | 2024 10 28 | $675,000 | Council approved | |
 | 0.37 km | 2 | 1 | -m2 | 2024 10 08 | $375,000 | Council approved | |
 | 0.44 km | 2 | 2 | -m2 | 2024 07 31 | $360,000 | Council approved |