SUBSTANTIAL RENOVATION PROJECT AWAITS SKILLED PURCHASER

!! PLEASE READ DETAILED DESCRIPTION BELOW BEFORE MAKING YOUR ENQUIRY !!

This property is a comprehensive renovation project; there are major works required!! There is the option to renovate or demolish (STCA) to further develop this 1,396m2 site that offers 'Low - Medium Density Residential Zoning' according to Whitsunday Regional Council's planning.

Currently situated on the site are FIVE units across two separate buildings. The front building accommodates units 1, 2, 3 & 5, and the rear building accommodates unit 4. ALL units need renovation works completed. Four of the five units are currently occupied. You will need to see this project in person to understand the project on offer. There is also a virtual tour link attached to this listing. Be sure to view this FULLY before making your enquiries.

UNIT ONE
This unit is located at the very front of the complex and offers two bedrooms.
RENT: $150.00
LEASE EXPIRY: Periodic Tenancy, long term tenant in place.

UNIT TWO
This unit is located to the right hand side of the front of the complex and offers two bedrooms.
RENT: $165.00
LEASE EXPIRY: Periodic Tenancy, long term tenant in place.

UNIT THREE
This unit is located at the rear right hand side of the front building and is in very poor condition. There are four bedrooms within this unit.
RENT: $165.00
LEASE EXPIRY: Periodic Tenancy

UNIT FOUR
This unit is the rear separate building and offers a stand alone unit with two bedrooms.
RENT: Empty

UNIT FIVE
This unit is located at the rear of the front building and offers two bedrooms.
RENT: $200 per week
LEASE EXPIRY: Periodic Tenancy


PROPERTY COSTS
RATES: $8570.00 PER SIX-MONTHLY BILLING CYCLE
TOTAL INCOME: $680 PER WEEK ACROSS ALL UNITS
* Notice Periods apply to tenants to gain access for inspections*