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1-3/29 Morris Terrace, Gin Gin, Qld 4671 For Sale

1-3/29 Morris Terrace, Gin Gin, Qld 4671

Bedrooms
6
Bathrooms
3
Parkings
3
Area
2477m2
Type
Block Of Units

Published on Wednesday, July 10, 2024

$650,000

1-3/29 Morris Terrace, Gin Gin, Qld 4671 - More Details

$650,000

Investors wanting to add Unit blocks into your portfolio, this is an opportunity you don't want to miss!

3 x 2 bedroom, 1 bathroom units all with their decent size yard and a nice outlook, set on a 1,524m2 lot, walking distance to Gin Gin town centre and with little to no properties generally available for rent makes this investment a great one to start or add to the portfolio.

Designed to have very little maintenance; concrete block filled, internal brick party walls, a simple open layout with high ceilings and a current gross return of 6.5% over with room to grow make these a smart addition to any savvy investor portfolio. Also, the current owner had plans to add an extra 2 units to increase return and value.

The rental breakdown per unit is as follows:
• Unit 1: $265 per week
• Unit 2: $270 per week
• Unit 3: $280 per week

With a conservative current market rental appraisal of $300 p/w increasing to over 7% gross return and possible to get even more with minor upgrades. Also worth noting the units are strata titled giving the option to sell off individually in the future.

Located in a popular farming town 30 minutes from Bundaberg CBD, with local primary and High schools, Everfresh supermarket, an award-winning bakery, a small regional hospital and all this within walking distance from the property offers unparalleled convenience for tenants. Its proximity to these amenities ensures high rental demand, further solidifying its status as a lucrative investment.

With its impressive return and prime location, this is a must-have for discerning investors looking to maximize their returns.

Don't miss out on this golden opportunity to add a high-return property to your portfolio.

General rates: currently $4,587 per half year (which includes water)

Contact Nathan Powell – 0410 507 291 or Kiah Thomas – 0412 889 336 to discuss further and arrange your inspection.
Disclaimer: Powell Property co. have been provided with the above information, however, the Office and the Agent provide no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.
Type
Block Of Units
Bedrooms
6
Bathrooms
3
Parkings
3
Area
2477m2

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1-3/29 Morris Terrace Gin Gin QLD 4671

Property FAQs

What is the current asking price for the 1-3/29 Morris Terrace, Gin Gin, Qld 4671?

Powell Property Co. - BURNETT HEADS has not listed a sale price for 1-3/29 Morris Terrace, Gin Gin, Qld 4671. Contact the agent for a price guide.

How many bedrooms does the property listed 1-3/29 Morris Terrace, Gin Gin, Qld 4671 feature?

1-3/29 Morris Terrace, Gin Gin, Qld 4671 is a 6 bedroom Block Of Units.

What are the standout features of the 1-3/29 Morris Terrace, Gin Gin, Qld 4671?

Explore all key property features for 1-3/29 Morris Terrace, Gin Gin, Qld 4671. Click here to find out more.

What is the total land area and built-up area of the 1-3/29 Morris Terrace, Gin Gin, Qld 4671?

The total land area and built-up area of the 1-3/29 Morris Terrace, Gin Gin, Qld 4671 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the 1-3/29 Morris Terrace, Gin Gin, Qld 4671?

1-3/29 Morris Terrace, Gin Gin, Qld 4671 can accommodated 3 vehicles in the parking area.

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    All data and information contained in these FAQs is provided by Real Search as a courtesy only. Real Search does not make any representations or warranties regarding the accuracy and/or completeness of this data and information. Users should check directly with the agent to verify this data and/or information.

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