6 Townhouses with 9% Nett Income

One of the most lucrative residential investments on the market today, this complex comprising of 6 semi-furnished townhouses is situated within 100* metres of the Biloela CBD. The location ensures a history of high occupancy by being a short stroll away from restaurants, hotels, supermarkets, gyms and retails stores.

• Land area 1,244 square metres, zoned General Residential Multiple Dwelling.
• The upper level of each townhouse is the spacious, air-conditioned main bedroom with built-in robes and an ensuite.
• The lower levels consists of an open plan kitchen and living, plus the second bedroom with built-in wardrobes. Also on this level is the family bathroom with separate toilet and an internal laundry.
• This property is currently achieving a net income of 9% with no body corporate fees.
• The complex has been managed by Ray White Biloela over the last 18 years and enjoys full occupancy with low vacancy rates.
• This property provides a fantastic opportunity to secure a cash positive investment in a great location.
• 2020/2021 financial information available.

Sale $790,000

Private inspection by appointment only.

*Approx

Explore the area

School catchments

St Joseph's Catholic Primary School Primary Prep-6 Catholic 0.48km
Biloela State School Primary Prep-6 Government 0.49km
Biloela State High School Secondary 7-12 Government 0.66km
Redeemer Lutheran College, Biloela Combined Prep-12 Independent 0.92km
Mount Murchison State School Primary Prep-6 Government 7.8km
Prospect Creek State School Primary Prep-6 Government 8.7km
Thangool State School Primary Prep-6 Government 11.9km
Jambin State School Primary Prep-6 Government 28.7km
Goovigen State School Primary Prep-6 Government 36.5km
Banana State School Primary Prep-6 Government 39.4km
Moura State High School Secondary 7-12 Government 57.0km
Moura State School Primary Prep-6 Government 57.2km
Wowan State School Primary Prep-6 Government 63.3km
Baralaba State School Combined Prep-10 Government 75.2km
Theodore State School Combined Prep-10 Government 75.1km
Ambrose State School Primary Prep-6 Government 79.9km
Nagoorin State School Primary Prep-6 Government 80.1km
Monto State High School Secondary 7-12 Government 80.7km
Mount Larcom State School Combined Prep-10 Government 80.9km
Calliope State High School Secondary 7-12 Government 84.3km
Mount Morgan State High School Secondary 7-12 Government 85.0km
Faith Baptist Christian School Combined Prep-12 Independent 88.4km
Chanel College Secondary 7-12 Catholic 94.9km
Trinity College Combined Prep-12 Independent 95.8km
Gladstone State High School Secondary 7-12 Government 96.7km
Toolooa State High School Secondary 7-12 Government 96.7km
Trinity College - South Gladstone Campus Secondary Independent 97.3km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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