Presenting a rare opportunity to purchase a block of 4 townhouses right in the heart of Chermside within walking distance to Westfield. This is an ideal investment that generates a great rental income of over 5.5%.
This complex was constructed in 2012 and sits on a 638 m2 block on the corner of Kelso St and Hamilton Rd with the entrance on Kelso Street. Being in such a convenient location where you are close to Prince Charles Hospital, Westfield, schools and public transport this complex has almost zero vacancy and is always quick to find tenants
Your new townhouse complex features:
– All townhouses are on separate titles which gives you the option to sell them off individually in the future if you choose to
– Approximately 133m2 of built-up area per townhouse (unit 2 is slightly smaller)
– 2 bedrooms with built-ins
– Study nook on 2nd level
– Spacious main bathroom with separate bath tub, shower and toilet
– Additional powder room downstairs for added convenience
– Good-sized and easy-working kitchen with lots of cupboard space
– Air-conditioned living/dining area in unit 1,3 and 4
– Single lock up garage with laundry area
– Good-sized outdoor area and yard space
– 3 additional visitors parking and plenty of off-street parking
Here is the rental breakdown of the townhouses:
– Townhouse 1: rented out at $345 per week, lease ends 16/02/2021
– Townhouse 2: rented out at $345 per week, lease ends 18/06/2021
– Townhouse 3: rented out at $400 per week, lease ends 18/01/2021
– Townhouse 4: rented out at $350 per week, lease ends 06/11/2020
Rates are approx. $407.85 per townhouse per quarter approx. $6525.60 per year for ALL 4

IN terms of water they are all separately meter and all the tenants are paying for any excess extra charges the average charge for example for Unit 3 is $295.94 last quarter note that this is the total where the tenants have to pay a portion of the bill.