Budget Accommodation - $599,000

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Budget Accommodation

Tourism Region: Townsville

Centrally located 8 unit complex that survived Yasi!

10% Return Fully Tenanted Budget Accommodation This is a centrally located 8 unit complex that survived Yasi . After some roof and window damage and a $550 k insurance repair when somebody else s roof flew into it, it is back to business and near full occupation again. This 50's style accommodation block of eight x two bedroom two level units will earn $75k p a annually before expenses and at the asking price will show a net of 10% when full up. The accommodation suits this agricultural and rural community and rentals are priced accordingly enjoying a historically high occupancy rate. There are 8 separate car parks at the rear of the 1265 sq m block for each of the tenancies. This is an old girl, built strongly and a really solid investment. Room here to consider also development for backpackers etc because of the Far North Queensland tourist popularity with the beautiful Great Barrier Reef and the Whitsundays on the doorstep. Can't break this one its already been tried, one of the best investments in Queensland. Call for more information.



Property Address

14 Blackman, Tully, Queensland

  • Contact Nigel Bevis for more information.

  • Photo for Nigel Bevis
  • Ray White Townsville
  • Office Phone: 07 4759 3999
  • Direct: 0415 941 632
  • [email protected]
Logo for Ray White Townsville

The Essentials

  • Asking Price: $599,000
  • Tully, Queensland

Other Information

  • Business & Freehold
  • Currently Operating

Category Information

  • Accommodation
  • Motel

Floor Plan Coming Soon.

Townsville

ABOUT THIS REGION Townsville is a city on the north-eastern coast of Queensland. Adjacent to the central section of the Great Barrier Reef, it is in the dry tropics region of Queensland. Townsville is Australia's largest urban centre north of the Sunshine Coast, with a 2012 population of 196,219. Considered the unofficial capital of North Queensland, Townsville hosts a significant number of governmental, community and major business administrative offices for the northern half of the state. Townsville is a vibrant region that encompasses beautiful coastal towns, rainforests, rugged Outback and country terrain. The Great Barrier Reef sprawls to the east, the Outback beckons to the west, islands and rainforest entice to the north while sugar cane and mango farming communities tempt in the south. Regarded as the greatest natural playground on earth, the Great Barrier Reef lies just off the coast of Townsville. Dive or snorkel amide the rich clusters of coral, swim in the warm shallows of the ocean or search for seasonal fishing haunts. Townsville is also home of the famous SS Yongala shipwreck, Australia’s best wreck dive site and well worth a voyage into the deep blue. An abundance of sea creatures and array of coral makes this dive a must. To learn more about the Great Barrier Reef and how the different species help to sustain the reef, visit Reef HQ, the largest living coral reef aquarium in the world, which houses more than 100 varieties of coral and 200 species of fish. Billabong Sanctuary is a wonderful interactive wildlife experience where native animals roam freely in the natural habitats. The Sanctuary is set in 11 hectares (25 acres) of natural tropical North Queensland bush and is home to all kinds of native mammals, birds and reptiles. A birdwatcher's paradise at Townsville’s Town Common Conservation Park. Open woodland, grassland, swamps and vine thickets, only minutes from the centre of Townsville, provide habitat for up to 280 bird species. Summer rains transform the area into an immense wetland, attracting large flocks of waterbirds. Whitewater rafting, bushwalking, abseiling, skyseiling, parasailing, snorkelling, sailing, fishing, diving, jet skiiing, horse riding, swimming and sky diving are just some of the activities to enjoy you an adventurous life in the tropics. INDUSTRY RESOURCES Regional Tourism Website : Townsville Regional Tourism Website : Queensland Tourism Research and Statistics : Tourism and Events Queensland Local Councils : QLD Councils CREDITS Information Source : Wikipedia Information Source : Queensland Tourism Image Credit : Magnetic Island : Tourism and Events Queensland : Peter Lik Regional Map : Copyright 2014 GoPanda Communications GoPanda

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Agent Contact

  • Nigel Bevis
  • Commercial Manager
  • 0415 941 632
  • [email protected]
  • Photo for Nigel Bevis

  • Nigel is a 20 year veteran of Commercial Real Estate with over 500 sales and leases to his credit during a lengthy career covering all facets of retail, commercial, industrial and development projects. Nigel adds a commercial element to the excellent reputation of Ray White Munro Partners and looks forward to finding that special investment or premises for your business. If you are looking for help in getting your property sold or leased with genuine effort and experience or if you are looking for that valuable investment you are most welcome to call Nigel for advice or assistance.

Office Details

  • Ray White Townsville
  • 252-254 Charters Towers Rd, Townsville, 4810, Queensland
  • 07 4759 3999
  • 07 4759 3993
  • [email protected]
  • Ray White Real Estate Townsville Ray White is a 4th generation family business. We have been part of the Ray White group for over 25 years. The 2nd generation of the Munro family are now proudly managing Ray White Munro Partners Townsville. Like the founders of Ray White, we are all about family values; our family helping your family! We are proud to offer you a forward thinking, experienced, professional, trustworthy and dynamic team. They will assist you with any aspect of real estate including finance with the utmost of integrity and enthusiasm. We specialise in all areas of residential sales and property management. We are here to assist you in growing your wealth and protecting your assets.

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