Address available on request

This centrally located block of apartments which is only minutes away from The Strand, The Shopping Centre, the City Mall is sure to impress an astute Investor. The Northern boundary wall is common with the local Shopping Centre. The old Townsville Hospital down the road is currently being refurbished with a new Hotel being built within a walking proximity. With the advent there is bound to be a change and growth potential in North Ward. The block set on a 1016 m2 block does not a blade of grass - all concrete throughout. The block comprises of 8 two bedroom units and one 3 bedroom penthouse which offers unrivalled views and cool sea breeze.
Despite what has been described as a fairly tight market, there is surely bound to be good interest for this block - because of the location, the returns and the potential to earn more. The owners had plans to modernise it and get better returns and use it for their retirement funding. But after a recent international trip they have decided against this, as they do not want the headache and heartache to refurbish. Instead, they would be happy to sell and sail around the world. Take advantage of their lifestyle decision. Opportunities like this seldom come by! So if you are looking at putting your investment into a long term strategy with a view to capitalise on the expected growth of Townsville, then this could be what you been waiting for. Currently 8 of the 9 units are occupied and getting a rental return of $114,000. Most of them have been loyal long term tenants and as a result the current owners have been happy with no or minimal rent increases.
Investors including Fund Managers, Accountants please do not hesitate to call Girish Menon on 0414 985 243 to not only view but avail this rare opportunity.