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New Price Priced to Meet the Market. Profitable Multi Dwelling Investment
Hope Vale County
· 13 Bedrooms · 9 Baths · Flat
Hope Vale County · 13 Bedrooms · 9 Baths · Flat
A consistently tenanted residential complex providing strong holding income, with rental returns exceeding operating expenses and debt servicing requirements to generate an annual surplus. Set on a rare 5-acre residential-zoned holding, the property comprises 2 houses and 6 units with 100% occupancy and an established rental history. Complementing its immediate income stream is a professionally prepared subdivision concept that has been reviewed by an professional town planner and designed in accordance with current planning requirements, providing a clear pathway for future multi-lot development, subject to council approval. Located within walking distance of schools, the hospital, town centre, botanic gardens and the riverfront, the property is well positioned to benefit from ongoing demand generated by essential services, major local employers and the expansion of Cooktown Hospital. A short walk to Finch Bay Beach further enhances its appeal to tenants and future residents alike. Ke
A consistently tenanted residential complex providing strong holding income, with rental returns exceeding operating expenses and debt servicing requirements to generate an annual surplus. Set on a rare 5-acre residential-zoned holding, the property comprises 2 houses and 6 units with 100% occupancy and an established rental history. Complementing its immediate income stream is a professionally prepared subdivision concept that has been reviewed by an professional town planner and designed in accordance with current planning requirements, providing a clear pathway for future multi-lot development, subject to council approval. Located within walking distance of schools, the hospital, town centre, botanic gardens and the riverfront, the property is well positioned to benefit from ongoing demand generated by essential services, major local employers and the expansion of Cooktown Hospital. A short walk to Finch Bay Beach further enhances its appeal to tenants and future residents alike. Ke
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