This unique property provides an astute investor with a multitude of options, stemming from the two council registered residences on the property. Simply keep it as is and benefit from the returns, with the seller potentially willing to offer a long leaseback option for the rear residence, or subdivide the property and potentially benefit from capital land value increasing over the next few years, or Live in one and lease the other, or occupy to the whole property yourself - The configurations are endless!
Positioned only minutes to the CBD is what I would class as a blue-chip investment opportunity. The front property has been purposely designed and meticulously well-thought through to offer maximum returns and privacy in a studio / apartment style arrangement. As it stands fully tenanted the property show a return of $48,120 per annum. Showing a net figure of 5.7%
Lifestyle luxury is at your feet with a 15-minute walk to the New Townsville Stadium and a further 3 minutes to Townsville's foodie spot, Palmer Street. You or your lucky tenants will enjoy the spoils of the city with Cotters Markets every Sunday, The Cowboys Club and a huge range of boutique variety stores for a touch of retail therapy.
The Front Home Residency...
The front home consists of six large bedrooms, four of which are ensuited. All the bathrooms are well appointed with one featuring a spa bath. The two upstairs rooms and one downstairs also have a private lounge sitting area making them more like studio apartments. The two upstairs rooms also have their exclusive balconies giving just that extra touch of comfort.
On the upper level the large kitchen will serve the occupants well with walk-in pantry and lots of bench space. Adjoining the kitchen is the dining room which flows seamlessly to the huge full length tiled and covered entertaining deck. This space extends the home giving a second dining area and outdoor lounge space perfect to read a book and unwind.
Down the stairs is another sitting area or second lounge surrounded by two bedrooms and two unallocated rooms/private studies making it a great communal hangout. The laundry is also inside on the lower level.
The Back Townhouse (Second Residence) Conversion...
To the rear of the home is what most would think to be the dream shed constructed of panel lift concrete, dual six meter roller doors and enough storage for the business workshop. But once you step inside your jaw will hit the floor, for the brand new executively finished townhouse. On the downstairs level is a versatile open plan Office/ Lounge/ Showroom and the list goes on, with a new bathroom and laundry room to service this level. Downstairs is also directly connected to the side of the building through double doors and a single door through the laundry room.
Leading up the stairs prepare to be amazed, with the first glimpse of what is a stunning home. The sheer amount of beautiful marble-style stone in the kitchen, well thought through design with adjoining dining table. High end appliances ooze class with the rake ceilings and pendant lighting truly exposing the quality throughout. Open plan once again to the lounge makes this feel like home. Up a few stairs further is a huge king bedroom with picture windows flooding natural light in. Her/his perfect walk-in robe and through to a beautifully appointed bathroom with floor to ceiling tiles, more gorgeous faux marble on the vanities and lots of unique features.
The home is well positioned on a 1,043 square meter block of land with drive-in roller door rear access directly to the rear building. An electric gate for security and enough car accommodation to house eight. Additional storage has been installed in the form of 3 roller doored units to the side of the building and are fully shelved.