22 Urangan Street, Torquay QLD 4655

ON THE MARKET FOR THE FIRST TIME IN OVER 40 YEARS...

You'll be hard pressed to find another property like this!

Sitting on a 1017m2 corner block, this property is in great condition. As you enter the property you are welcomed by an abundance of trees & gardens which offers the privacy you are looking for.

The main house has two good size bedrooms & a third bedroom which has been turned into a study with cupboards & built in desk, main bathroom, separate laundry with an additional shower, plenty of storage space throughout, large kitchen with dishwasher & ample bench space whilst the lounge is a great size & opens out to an outdoor under cover area where you can sit & enjoy your morning cup of coffee.

The flats are all very similar in size & space, comprising of two bedrooms, one bathroom, kitchen, living & lounge area whilst having access to deck space & having a two shared laundry's in total for the four flats.
Parking is no issue as you have an under cover car spot each whilst also having heaps of room out the front of the block for multiple open car spaces.

The Incomes:
- Currently all flats are in lease agreements - Current return is $1,010 per week
- Flats have been rental appraised at $280 per week ( Potentially $1,120 per week)
- House is currently vacant - rental appraisal is $380 per week ($19,760 per year)

Potential Total Gross: $78,000 per year

The House:
- Solid steel framed - brick home
- Two good size bedrooms
- Study with built in cupboards & desks
- Open plan living & lounge
- Spacious kitchen with dishwasher & ample bench space
- Outdoor covered area

The Flats:
- Two bedrooms
- One bathroom
- Open plan living & dining
- Deck space
- Two shared laundry's
- One undercover carpark

The Property:
- 1017m2 allotment
- Approx. 700m to the Esplanade
- Walking distance to shops, schools & sporting facilities
- Well maintained gardens
- Garden shed
- Central location

* Please note photography for units are before tenants moved in.

For more information contact Jacob Cullen today!