4 Units on ONE Title! - No Body Corporate fees!

Exceptional Investment Opportunity - Prime Multi-Unit Property in Hermit Park

Discover a rare and lucrative investment offering in the heart of Hermit Park. This impressive block of units features four well-designed residences, each offering its unique charm and modern comforts. Situated in a sought-after location and boasting a blend of updated units and original character, this property presents a versatile and rewarding investment opportunity. With secured leases and no body corporate fees this block offers great potential returns for the savvy investor.

Property Features:
Unit 1 – 3 Bedrooms + Office + Rumpus Room (or 4th Bedroom), 1 Bathroom:
Upstairs, a truly expansive and character-filled residence awaits. This generous unit presents 3 bedrooms, providing ample accommodation for a large family. Additionally, the office space and rumpus room, offering potential as a 4th bedroom, open up possibilities for versatile living arrangements. The large verandah with elegant plantation shutters creates a relaxing and charming space to unwind.

Unit 2 - 1 Bedroom (Potential 2 Bedroom), 1 Bathroom:
Step into this delightful ground floor unit that exudes contemporary flair and functionality. Featuring a spacious 1 bedroom layout, the additional family room can easily be transformed into a second bedroom, accommodating a growing family or guests with ease.

Unit 3 - 2 Bedrooms, 1 Bathroom:
On the ground floor, you'll find a stylish and inviting 2-bedroom unit, offering a seamless open-plan living and dining area. Modern conveniences and ample space make this unit highly attractive to tenants or those seeking comfortable living.

Unit 4 - 1 Bedroom (Potential 2 Bedroom), 1 Bathroom:
Similar to Unit 1, this downstairs gem boasts a 1-bedroom layout with the versatility of a family room that can be effortlessly converted into a second bedroom or a multi-functional space.

Property Highlights:
•Modernized Downstairs Units: Units 1 to 3 have all been thoughtfully updated and modernized, offering tenants or residents the convenience of contemporary living.
•Original Character: Unit 4 on the upper level retains its timeless charm and character, providing a unique living experience that appeals to those seeking a touch of nostalgia.
•Excellent Investment: With a diverse mix of units, this property offers an attractive investment opportunity, enabling you to capitalize on Hermit Park's strong rental demand.
•Prime Location: Situated in a highly desirable neighborhood, residents will enjoy easy access to local amenities, parks, schools, and public transport options.
•Potential Upside: The original features in Unit 1 offer scope for renovation, adding value and appeal to the property (subject to council approval).

Investment Details:
•Annual Rental Return of over $55,000 per year
•Unit 1 - $280 per week, leased until 12/08/2024
•Unit 2 - $280 per week, leased until 16/01/2024
•Unit 3 - $270 per week, leased until 20/05/2024
•Unit 4 - $240 per week, leased until 15/01/2024
•Council rates approximately $11,000 per year
•Units are on a single title and so there is no Strata or Body Corporate fees.
•Located in the Heart of Hermit Park, with easy access to public transport, schools and shops.


Interested parties should verify the accuracy and currency of the information and make their own independent inquiries as the agent cannot attest to the correctness of the information provided. Some file photographs in use may have been taken some time ago or modifications have been conducted at the property since the photography. Please rely on your own inspection and investigations to determine if this property is suitable for your requirements and information provided is general in nature. First National Townsville bears no liability for any loss sustained due to inaccuracy or omission.