16/16-20 Mount Peter Road, Edmonton QLD 4869

An excellent investment opportunity for the astute investor. This well looked after and secure complex of 22 townhouses is positioned in the heart of Edmonton and is close to shops, public transport and medical facilities.

Currently tenanted on a fixed lease until 03/07/2022 at $290 per week with room to increase the rent with some simple updates to the property.

Hambledon Court was built in 1993 and has a secure remote control electric gate, keypad side access, lovely wide paved driveways and inground pool.

Inside the townhouse is an air-conditioned open plan kitchen and living area that flows out to the patio. The patio is private and has established gardens and a shade sail. A timber staircase leads you to the second floor where there is 2 bedrooms with builtin cupboard and bathroom with shower and toilet. Both bedrooms are carpeted and air-conditioned.

Body corporate rates are low at $3180.07 per year.
Council rates are approximately $1340 per half year
Water use (paid by the owner) is currently averaging $50, billed 3 times yearly

Returning between 8% and 9% Gross - with some simple updates you have the potential to get up to $350 per week in rent and increase this return.

Call me now to arrange your inspection - Kelly 0424 174 348