This four-townhouse complex is located in the heart of suburbia, in what is widely regarded as the biggest property hotspot of southeast Queensland – the City of Ipswich. Completely untouched by the floods of 1974 and 2011, a previous owner has wisely capitalised on the ‘M01 – Residential Medium Density’ zoning and transformed an 811m2 block into a veritable gold mine.
A top investment relies on a top location, and this one certainly does not disappoint. The video included in this listing does a fantastic job of summarising exactly why Ipswich is such a booming property hotspot, and a well-connected property such as this one takes full advantage of every benefit on offer.
The Booval Train Station is located just a leisurely stroll from the property, as is the Booval Fair Shopping Centre with a Woolworths Supermarket, Big W, various banks, a long list of specialty stores and a number of dining options. Ipswich CBD and all of the additional services it offers is approximately 10 minutes away by car, and Brisbane CBD can be reached in about 40 minutes along the Ipswich Motorway.
Regarding the dwellings themselves, each unit boasts a modern and compact design that maximizes the space offered. On the lower level there is an open-planned family/dining room, which is overlooked by a kitchen that offers a good amount of storage and electric appliances. From the living space you can access a covered patio at the rear that overlooks a good-sized yard area with established gardens.
Upstairs you will find a carpeted lounge room that offers a completely separate living space that could quite easily double as a study space, along with two bedrooms with built-in robes. The main bedroom has a spacious walk-through wardrobe that accesses the two-way bathroom, which has a separate shower and tub plus a separately located toilet. The single lock-up garage provides secure car accommodation for a single vehicle, and also houses the laundry and a second toilet.
This solid investment currently has tenants in three of the four dwellings, with rents ranging from $255-$265 per week, meaning that the complex has the potential to return over $1,000 per week. All four units are strata titled, meaning that even though they are being sold as a whole you could sell them individually in the future. Body corporate fees are incredibly low, with the only fees payable for the complex as a whole as follows:
Administrative fund: NIL
Sinking fund: $400 per annum ($100 per lot)
Body corporate management fee: $924 per annum ($231 per lot)
Full information relating to insurance, body corporate, rates and utilities are available on request. For more information about this unique opportunity, please contact the listing agent Glenn Ball of First National Action Realty Ipswich.
DISCLAIMER: First National Action Realty has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement.