20 Fitzgerald Street, East Innisfail QLD 4860

This block of four 2 bedroom plus office units have been freshly renovated and are very appealing with high tenant demand.

Sitting on an elevated 832 sqm block well away from any flooding issues and with most apartments catching a view of the river but all of them certainly getting the cooling breeze off the water. Add to this the very close proximity to the town centre (two blocks) and it is very easy to understand why these apartments are so sought after as rental propositions.

Built from double brick with some timber inserts the quality of the build has stood the test of time. Believed to have been built in the 1940's they have shrugged off 4 cyclones without budging an inch. It is fair to assume that they will see out another 100 years.

New flooring, paint, kitchens and bathroom renovations have brought the apartments up to a very high standard and being built in an era when bigger was better the apartments are much much more spacious than there contemporary rivals. What it also offers is plenty of outdoor greenspace for the tenants to enjoy, something that is rare in newer developments.

With a gross revenue of $66500 you end up with a return after rates of approx. 6.5%.

Very hard to beat in a real estate market which is just being dicovered by Southern buyers and is seeing excellent growth both in capital values and population.

Contact Michael Skuse