1 Campbell Street
Hermit Park, QLD 4812

Overview

Investors Dream!!!

This apartment presents a fantastic opportunity for investors looking for a low-maintenance investment in a prime location. Situated on a generous 1,094 square meter block, this property is already rented, providing immediate rental income in one of Townsville's most sought-after suburbs. The apartment features an open-plan living area that maximizes space and functionality, making it ideal for tenants.Each unit boasts a practical kitchen, a spacious backyard, secure parking, and additional storage options, enhancing its appeal to potential renters. The property is conveniently located within a 15-minute drive to James Cook University, Townsville's Central Business District, and major shopping centers such as Stockland and Fairfield, ensuring consistent tenant demand and long-term growth in land value.Currently rented, ensuring immediate incomeOpen-plan living designSpacious backyard for outdoor activitiesSecure parking and extra storage availableClose proximity to educational institutions and shopping centersLow-maintenance layout suitable for long-term leasingLarge 1,094 square meter blockUnit 1 is currently rented at $350 per week and is leased until November 16, 2026, with the last rent increase occurring on November 17, 2024. The approximate current rates before any discounts are $2,092.35 for the period from January 1, 2026, to June 30, 2026.Unit 2 is rented at $395 per week and is leased until March 20, 2026, with the last rent increase on March 21, 2024. The approximate current rates before discounts are also $2,092.35 for the same period.This property offers the unique opportunity to purchase both units at a competitive price, making it an attractive option for savvy investors.

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