81 Lockheed Street, Garbutt QLD 4814

Calling all investors! This cosy duplex is perfect for both seasoned investors and newcomers, having a distinct advantage of no body corporate fees, allowing you to maximise your rental returns without extra costs.

Located in Garbutt, just 10 minutes from Domain Central for all your shopping needs, as well as the Townsville CBD and the iconic "The Strand" , it combines convenience with a desirable lifestyle. Easy access to major arterial roads, and close to the air port as well, this spot has a lot of future potential.

Unit 1 features:
- Larger of the two units
- Enclosed front yard
- Single Carport
- Generous living room
- 2 spacious bedrooms, both air conditioned with BIW.
- Kitchen fitted with ample bench & cupboard space, and electric stove & oven.
- Bonus large rumpus room located at the back of the unit.
- Internal laundry
- Outside undercover patio
- Large yard, equipped with a shed which is shared between the two units.
- Currently rented for $280.00 p/w, on a periodic lease, Current rent Appraisal of $340-$360 per week
- Last rent increase occurred 13/02/2024

Unit 2 features:
- Smaller of the two units
- Enclosed front yard
- Single Carport
- 2 spacious bedrooms, both air conditioned and 1 with a BIW
- Freshly renovated modern bathroom
- Kitchen fitted with ample bench & cupboard space, and electric stove & oven.
- External laundry, behind a lockable gate
- Large yard, equipped with a shed which is shared between the two units.
- Currently rented for $280.00 p/w, lease until May 2025
- Last rent increase occurred 23/05/2024

The current rent return is $560.00 per week, however with the option to increase the rent to current market value. (12 months after the last rent increase date) you could receive a return between $680 - $700 per week.

No body corporate fees!
Rates approx. $7000 per annum

As this property is currently tenanted, please contact Karlee Burbidge and Santo Spinella to arrange a viewing of this property as soon as possible. Great investments like these do not last long so be quick to check it out!!