Prime Unit Investment | QLD Government Leased

Description

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.

*approx

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Contact agents
Rhys Parker Partner
0451 101 042
Andrew Havig Partner
0478 010 990
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Maryborough, QLD

117-119 Churchill Street

For Sale by Expression of Interest

This property is part of Portfolio 161

Price: Contact Agent

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