82 Lockheed Street, Garbutt QLD 4814

If you’re looking at a good long-term investment with and excellent yield then this one is certainly worth a look. This type of property, considering its location and quality is always in demand by quality long term renters.
This Duplex is very close to the city and to the Townsville airport. The property is just stone’s throw away from West End 4810 and Castle Hill 4810.

This is quite a unique property in the sense of it being situated on a large 961m2 block of land, and there are no rear neighbours.
About 8 years ago it had a substantial makeover, and it was carried out to a high standard.
Some of the upgrades included, 6 split system air-conditioners, both bathrooms renovated, all new floor tiles throughout, both kitchens were replaced as well as windows furnishings, fans, light fittings etc.

It may be possible to apply 2 separate titles to this property, so it may be possible to sell them separately in the future, although this would have to be confirmed with a certifier, and with the Townsville City Council to make sure.
A duplex such as this can be very attractive to an investor, or you could live in one side and rent out the other side. The advantage to a unit is that you may not need a Body Corporate, this would in effect keep expenses to a minimum.
It’s a solid building & built from concrete block, so maintenance is usually a lot less than timber or fibro buildings.
. Both sides are soon to be rented at $510 per week (long leases)
. Rates approximately $6270 per year including water fees.
. Building insurance is approximately $1,700 per year.

Building features include;
. Land size is 961 square metres
. 6 Split air conditioners
. Built from concrete block
. Roof is iron
. 4 Bedrooms, 2 bathrooms, 2 Kitchens
. Fully fenced, new fence at the rear (not shown in photo)
. No Council Easements on the property.