Expressions of interest for 10 townhouses in Caboolture
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Nov 22, 2018
Expressions of interest for 10 townhouses in Caboolture
Expressions of interest are being sought for the sale of a multi-tenanted, leased investment comprising of 10 modern townhouses at 1-10/39 Mortimer Street, Caboolture, through Ray White Commercial Queensland.
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Image supplied by Ray White Special Projects QldPictured: 1-10/39 Mortimer Street, Caboolture
The opportunity is being jointly marketed by Ray White Commercial Queensland’s Matthew Fritzsche and Michael Feltoe.
Mr Fritzsche said the asset has a land area of 1,619 sqm* and comes with a high level of occupancy with long-term tenants.
“The asset includes an 8x3 bed with two-bath and 2x2 bed with two-bath, built circa 2012, and there’s no doubt this is a great investment opportunity with an annual rental income of $152,880*,” he said.
“The dwellings are individually strata-titled and have been built to a high standard.
“The property is improved with a modern residential complex, consisting of opposite facing 2x standalone blocks of 5x side-by-side dwellings.
“This low maintenance asset comes in a very good condition and the significant depreciation benefits will make it even more appealing to potential buyers.”
Mr Feltoe said the location of the asset was a real drawcard for potential buyers.
“Caboolture is located within the Moreton Bay catchment and is experiencing unprecedented population growth,” he said
“It's situated just 50 minutes* drive north of the Brisbane CBD, and less than 1km* west of the Caboolture Town Centre."
*Approximately
View 1-10/39 Mortimer Street, Caboolture on the Ray White Commercial Queensland website.
This is a sponsored post.
Related reading:
Multi-purpose site at Kenmore Hills available through Ray White Special Projects
Contact Details:
Matthew Fritzsche
Ray White Special Projects Queensland Executive Director
0410 435 891
Michael Feltoe
Ray White Commercial Queensland Investment Sales
0447 714 899
