Prime Unit Investment | QLD Government Leased

Burgess Rawson is pleased to offer to the market 117-119 Churchill Street, Maryborough QLD 4650 for sale via Private Treaty.

This opportunity has the following highlights:
+ Prime unit block investment – seven recently renovated units (1 x 1 bedroom, 5 x 2 bedroom, 1 x 3 bedroom)
+ Extremely low vacancy rate of 0.3%
+ Future upside at lease renewals with the potential to increase rents
+ Expansive 1,720sqm* site area with strategic position near key amenities and Maryborough West State School (300 meters*)
+ Local area has seen strong growth rate of 59.5% for houses in the past three years
+ Maryborough: a major city of the Fraser Coast region which has a population of 112,078
+ Large site providing scope for a range of future development outcomes (subject to council approval)
+ Currently, six of the seven units are leased to the State of Queensland Department of Housing for a long term lease period, with the potential for renewal.
The remaining unit is leased to a regular tenant
+ Total annual rental income: $139,880 pa*

To be sold by way of Private Treaty.

Please contact the exclusively appointed Burgess Rawson team for more information.
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