34 Somer Street, Hyde Park QLD 4812

Situated on the city fringe in beautiful Hyde Park, this positively geared and beautifully renovated property will be providing one lucky investor with amazing rental income in one of the most popular suburbs Townsville has to offer!

Welcome to 34 Somer Street, Hyde Park.

The Opportunity:
The savvy investor who purchases this property will immediately reap the benefits thanks to the 3 established tenancies through to 12 July 2023, 2 Feb 2024 and 14 September 2023 generating a collective $830 per week or $43,160.00 per annum worth of rental income for a gross rental yield of over 8.5%!**

**Based on the sale price of $500,000.

The Property:
- 5 Generously sized bedrooms
- 3 Fully renovated bathrooms
- Split into 3 dwellings, each with their own kitchen (two 2 Bedroom units, and a single 1 Bedroom unit)
- Shared laundry facilities
- Polished wooden floorboards on top floor
- High quality, durable and newly installed vinyl tiles on ground floor
- No carpet providing for easy and carefee cleaning
- Well appointed kitchens with quality appliances
- Built in wardrobes throughout
- Recently undergone major renovations throughout including QBCC Coverage for defects in works until May 2026.
- Single title; NO BODY CORPORATE FEES!
- Deprecation schedule in place providing benefits for years to come

The Location:
Situated in the heart of Hyde Park, this beautiful 5 bedroom, 3 bathroom multi unit dwelling is just minutes away from everything that Townsville City has to offer!
- 6 minute drive to the CBD and city restaurants
- 2 minute drive to Castletown Shopping World
- 8 minute drive to the strand beachfront
- 6 minute drive to the newly built Queensland Country bank Stadium

The numbers speak for themselves here. Don't miss out on the chance to purchase this large, positively geared property with multiple dwellings within. This is an absolutely unbeatable opportunity.

**Council Rates are $7500 per annum**

Call Dylan on 0447 267 806 to find out more!