1-6/56 Burnett Street, Bundaberg South QLD 4670

UNDER OFFER

Built in 1993 this solid tilt panel build has been constructed to a commercial type manor for minimum maintenance. These tough townhouses are located in a prime position on the city fringe, walking distance to multiple schools the CBD and Hinkler Central shopping centre. All 6 units are identical and consist of 3 bedrooms, 1 bathroom, 2 toilets and a single lock up garage. Bundaberg sits on a consistent rental occupancy rate of under .05% and with growth in population and industry, it is not looking like slowing for many years to come, you can be sure this investment will always be returning at full capacity.

The units are currently rented under market returning $87,880/year. Units are consistently occupied and when a change over of tenant occurs, generally the next lease commences within the week! With a conservative market rental appraisal of $300 per week for each unit there is plenty of room to increase your return.

The investment offers the opportunity to return a gross yield of 7.7% at the current rent. At the conservative market rent of $300 this would increase to 8.2%! (These yields were calculated from the starting price of $1.14m) The townhouses are also strata titled so can be sold individually in the future. As it sits, the current NET RETURN IS OVER 5% at
a purchase price of $1.14m

Each unit features:
Upstairs:
- 3 large bedrooms with built in robes & ceiling fans
- Bathroom with separate toilet
- Linen cupboard

Downstairs:
- Good sized kitchen with dishwasher, electric oven & cooktop
- Open dining / living with ceiling fan
- Laundry with rear yard access
- 2nd toilet off the laundry
- Comfortable private rear outdoor patio with clothes line
- Single lock up garage with internal access

56 Burnett St, represents a great investment opportunity for the astute investor. With the State government on schedule to commence construction of the new hospital in 2023 (10mins away), population and industry growth like we have never seen before and one of the most desirable climates in the country.

TO RECEIVE FULL FINANCIAL INFORMATION AND FIND OUT MORE ABOUT THIS OUTSTANDING INVESTMENT OPPORTUNITY, CONTACT EXCLUSIVE AGENT NATHAN POWELL ON 0410 507 291

Disclaimer: LJ Hooker have been provided with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.