42 George Street, Bundaberg South QLD 4670

"ILL HEALTH FORCES IMMEDIATE SALE" - EXCELLENT UNIT COMPLEX NEAR CBD!



This large unit complex is positioned in an excellent area, and is one of the closest Residential units to the CBD (only a short walk away) - Investors this is the one you've been waiting for! - Offering an 8% return plus room for increase!



Property features include:
- 3 x 2 bedroom units & 1 x large 3 bedroom unit
- Very neat solid brick construction
- All of the units were high & dry during the Bundaberg floods
- All bedrooms have built-ins & carpets
- 2 way bathrooms
- All have good size modern kitchens
- Open plan Lounge & Dining
- Patio with timber decking
- Single lock up garage to each unit.
- Only a short walk to the Bundaberg CBD & local schools
- Extremely solid investment, returning $895 per week!!
- All currently tenanted + potential for rental increase!
- First time offered to the Market in 25 years!
- Very genuine Sale, elderly owner has kept this property in great condition, unfortunately ill health & circumstances have brought this home to Market.
- The complex also offers a unique setup for an income producing home! The owner previously lived in unit 4 (the large 3 bedroom unit) and lived off the income from the the rent on the other 3 units!




TENANCY DETAILS:

Unit 1 - returning $220 p/w - lease ends 07/08/2016

Unit 2 - returning $220 p/w - lease ends 29/11/2016

Unit 3 - returning $220 p/w - lease ends 12/02/2016 (periodical)

Unit 4 - returning $235 p/w - lease ends 27/04/2016

Total: $895 p/w


OUTGOING'S:
COUNCIL RATES: Approx $3,064.78 per half year
INSURANCE: Approx $2,988 per year (includes flood cover)
MANAGEMENT FEE'S: 7.5% of the rent + GST (managed by LJ Hooker Bundaberg)



Phone Exclusive marketing agent Scott Wade today to arrange an immediate inspection, or to submit your offer!




At a Glance:
Bedrooms: 9
Bathrooms: 4
Toilets: 4
Car: 4
Kitchens: 4
Living: 4
Land size: 1,012m2
Rates: Available on request**


*The information provided is for use as an estimate only and potential purchasers should make their own enquires to satisfy themselves of any matters.