88 Albany Road
Pimlico, QLD 4812

Overview

88 Albany Road, Pimlico, QLD, 4812

88 Albany Road in Pimlico offers a rare investment opportunity with a fully tenanted multi-unit residential complex generating a stable income of $95,420 per annum. This property is situated on an 809 square meter allotment and comprises five separate units, each featuring two bedrooms and one bathroom, all consolidated under a single title. This setup provides investors with the advantage of streamlined management and consolidated ownership, ensuring consistent rental demand in a well-established residential area.

The complex has undergone partial upgrades, including modernized kitchens and refreshed interiors, enhancing the overall appeal and functionality of each unit. The units feature open-plan living spaces and built-in wardrobes, designed for comfortable living. Notably, Unit 5 stands out with polished timber flooring throughout and a secure double garage, while the other units offer a mix of tiled and carpeted flooring.

With no body corporate fees and allocated parking spaces for each residence, this property represents a low-maintenance investment ideal for those seeking reliable cash flow and the potential for rental growth. The combined weekly rental income of $1,835 ensures immediate and dependable returns from settlement.

Conveniently located near Castletown Shopping Centre, The Lakes precinct, local schools, and public transport, the property also offers easy access to the Townsville CBD, airport, The Strand, and major employment hubs such as Townsville University Hospital and Lavarack Barracks. This strategic location enhances the attractiveness of the investment for tenants and investors alike.

Offered with a price guide of Offers Over $1,850,000, this high-quality investment combines immediate cash flow with long-term income potential, making it an excellent addition to any property portfolio.

Location