1/60 Herbert Street, Bowen QLD 4805

Solid unit complex that is enjoying a great return on investment across 5 x two bedroom townhouse style units. Currently all 5 units are rented and returning $990 per week across all 5 tenanted properties with a number of long term tenants in place. There is plenty of opportunity to value add to these properties and increase the rental returns. Located in the heart of the CBD on an elevated parcel of land this location is very popular with tenants as they can walk to everything they need and enjoy an easy walk to the beach as well. The building is solid masonry block on the lower and upper levels, quality of construction is evident in this complex. Built as one building, strata title has been put in place so you can keep all five and reap the investment reward or you can sell individual units if you wish. Currently being offered for sale as a whole block or they can be separated and sold individually. There is no body corporate established so you have no additional holding fees until you decide to sell units individually. This property will be a great addition to your investment portfolio. A concrete driveway services the undercover parking area for all units. A very well maintained garden is in front of all the units and this offers privacy from the road as well a lovely outlook from each units lower and upper patio areas.

Each of the units has also been strata titled, if you decide you would like to sell the complex separately in the future all the approvals and registrations are in place. Rates are approx. $1600 per unit per six monthly period.

Work your numbers on this property at the great value price, you will see the return on investment is fantastic. Don't miss this chance to capitalise on Bowen's substantial rental demand.