7% returns - Low outgoings - Rock Solid Investment

6 Snelham Street, Rosslea, 4812

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750,000 AUDEst. Mortgage: AUD 5,270/monthFor Sale
  • Ownership Type Unitblock
  • Property Area 1,012 sqft
  • Bedrooms 8
  • Bathrooms 4
  • Furnished No
  • Last Updated 4th Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Balcony
  • Carport: 4
  • Air Conditioning

Property Overview

Investors please take note of the following statistics;

- 4 very tidy 2 bedroom unit that are brand new inside
- Completely renovated from floor to ceiling
- Exterior of property has been given the same treatment w/ new paint and fencing
- Builders Warranty applicable
- Substantial depreciation (Check with your accountant)
- Earning $265 per week on average each
- Low Insurance costs (Listed below under outgoings)
- All four tenancy are filled on fixed term leases
- In a quiet street, across from a park with great tenants
- One owner - no body corp!!!
- We believe this is the single best value for money unit complex in Townsville.
- Returns based on $740K purchase and $1060 per week in gross rent returns.
- Lower risk by virtue of 4 tenants.

Outgoings:
- Rates: $5764.02 Per Half Year
- Insurance: $3696.16 Per Year (Indicative of current owners premiums)
- Strata $0 - One owner + no body corp

Call to arrange an inspection and be really quick as these units will sell.

Location on Google Map

6 Snelham Street, Rosslea, 4812

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