Residential Sales

9 McIlwraith Street, Ingham, QLD, 4850


$395,000

Contacts

Lawrence Molachino
Telephone 07 4776 5222
Mobile 0408 182 142
info@inghamrealestate.com.au


Contacts

Lawrence Molachino
Telephone 07 4776 5222
Mobile 0408 182 142
info@inghamrealestate.com.au


Residential Investment Property

Bank interest yields down - bank shares dividends looking shaky!  We may have an alternative investment for your consideration.  We have available for purchase an extensively refurbished double storey building containing 6 x 2 bedrooms flat dwellings and 2 x 1 bedroom flat dwellings.  Currently 3 x 2 bedroom flats and 2 x 1 bedroom flats are tenanted.  When fully tenanted, this investment will provide a gross yield of about 14.6% and a net yield, after council rates and insurance of about 9.4%

This property is very well situated being only 100m from the Ingham General Hospital and within 400m of the Aquatic Centre/State Primary and High Schools and 600m to Showgrounds.  The Ingham CBD is a leisurely 10 minute walk

If the purchaser so requires, the sellers are also prepared to sell a rear adjoining vacant allotment with separate street frontage - details of which can be provided upon request


Property Location