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Description: WE GO NOW to Chinchilla in Queensland - where the pillars of the Chinchilla ECONOMY are beef and grain agriculture, the coal-seam gas industry, and retail.
HERE AT 3-5 BACK AVENUE, The Jacqui Walker Sells Team presents this ENTIRE BLOCK OF 6 UNITS.
' MODERN IN DESIGN, you win here !! ' says selling agent Jacqui Walker, ' With a value-adding Ensuite to ALL 12 Bedrooms ... emphasis on 1 Year lease terms ... and selling 100% leased !! '
INCOME / ASSET QUICK GLANCE:
- 6 Units
::: Each with 2 Bedrooms, 2 Ensuite Bathrooms, Single Carport UNDER-ROOFLINE
::: That's 12/12/6 total
::: Also 6 additional, value-adding ON-SITE carparks
- Current annual rent income: $94,640.00
::: That's a gross rent return of 5.25% p.a
- 1 Year Lease Terms
::: Unit 1, $220/wk
Last rental increase: 01/11/2023
Lease start and end dates: 03/01/2025 to 08/01/2026
::: Unit 2, $320/wk
Last rental increase: 05/09/2024
Lease start and end dates: 11/09/2025 - 16/09/2026
::: Unit 3, $320/wk
Last rental increase: 26/10/2023
Lease start and end dates: 13/11/2024 - 11/11/2025
::: Unit 4, $320/wk
Last rental increase: 22/01/2024
Lease start and end dates: 18/04/2025 - 23/04/2026
::: Unit 5, $320/wk
Last rental increase: 22/05/2024
Lease start and end dates: 08/01/2025 - 13/01/2026
::: Unit 6, $320/wk
Last rental increase: 06/02/2024
Lease start and end dates: 11/09/2025 - 16/09/2026
- Real Property Description: Lot 1-6 on Survey Plan 254396
- Total combined land area is approx. 2,241 Square Mtrs ... that's over half-an-acre
::: 40m frontage x 56m deep, approx.
- The 6 Units are comprised of 2 Triplexes
TOTAL OUTGOINGS:
- Recent General Rates and Charges: approx $1,330.00 per unit 1/2 yr
- Tenants pay for water usage, however a Water Infrastructure Charge may apply
::: Western Downs Regional Council
- Body Corp: All 6 Units held by one owner, therefore, no Body Corp
- Also consider Building Insurance ... Lease Management Fees ... Garden Maintenance ... and Building Upkeep externally and internally
PROPERTY DEEP-DIVE:
- Entrance faces EAST to Back Street
- Triplex 1 faces south
- Triplex 1 faces north
- Thoughtfully-laid pathways
- Security screen door to each Unit
- To the left and right upon FORMAL ENTRY
::: 2 Bedrooms ... tiled = fresh, clean and less wear and tear
::: EACH Bedroom offers ENSUITE with shower, vanity and toilet
::: EACH also with WALK-IN ROBE
::: The Bedrooms in Units 2 and 5 exclusively offer reverse-cycle AIR conditioning
- Each Hallway leads to OPEN-PLAN LIVING AND DINING
::: With reverse-cycle AIR conditioning
::: Fantastic STUDY NOOK, long, with custom cabinetry
- Each KITCHEN overlooks this relaxed zone
::: Under-bench Oven
::: Stove top
::: Rangehood
::: DISHWASHER
::: 2-bowl Sink
::: Plenty of Preparation and Cupboard Space
- Relaxed living leads OUTSIDE TO UNDER-ROOFLINE ENTERTAINING AREAS
::: With enclosed European Laundry Cupboard to each Unit
- Sizeable Backyards, with grass, and Colorbond fencing
PARKING AND ACCESS:
- 12 car spaces total
::: 6 Under-Roofline Carports, 1 to each Unit
::: 6 on-site carparking bays
- Extra-wide entry area, for more harmonious community living
WHAT'S NEARBY?
- 260m to Southern Cross Aged Care
- 600m to TAFE
- 750m to Chinchilla Showgrounds
- 850m to Old Bees Park
- 850m to Jubilee Park
- 850m to Foodworks
- 900m to Chinchilla State High School
- 1.7km to Chinchilla State Primary School
- 1.9km to Woolworths Chinchilla
CHINCHILLA ECONOMIC PILLARS:
- Agricultural sector, especially beef and grain
::: Also pork, sorghum, wheat, oats, barley, and mung beans
- The Coal-seam gas (CSG) industry, including the Kogan Creek Power Station
- Retail, including large retail chains; smaller, independent businesses; and niche markets
WHOLE UNIT BLOCKS where every Bedrooms has an Ensuite are not common.
SHOWING A FANTASTIC YIELD of 5.25% p.a., accomplished Investors should shortlist and see swiftly.
AT YOUR SERVICE, The Jacqui Walker Sells Team is available to answer your questions and to arrange your on-site inspection. VIEWING RECOMMENDED.
***Images: We advise that some images containing grass have been digitally enhanced.
***Disclaimer: All care taken, however you're encouraged to independently verify all figures and indications.
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