Unit 12/10 Williams Street, Bowen, Qld, 4805

Currently​ ​returning​ ​approximately​ ​$480​ ​per​ ​week,​ ​this​ ​modern​ ​two-bedroom​ ​townhouse​ ​offers​ ​an​ ​approximate​ ​6.02%​ ​gross​ ​rental​ ​yield​ ​at​ ​the​ ​asking​ ​price​ ​of​ ​$430,000,​ ​with​ ​potential​ ​for​ ​future​ ​rental​ ​growth.

For​ ​investors​ ​looking​ ​for​ ​an​ ​affordable​ ​entry​ ​point​ ​into​ ​the​ ​Bowen​ ​property​ ​market,​ ​this​ ​property​ ​offers​ ​an​ ​appealing​ ​combination​ ​of​ ​established​ ​rental​ ​income,​ ​a​ ​strong​ ​gross​ ​yield​ ​and​ ​future​ ​potential.

Leased​ ​to​ ​an​ ​excellent,​ ​well-presented​ ​tenant​ ​who​ ​has​ ​cared​ ​for​ ​the​ ​property,​ ​this​ ​townhouse​ ​offers​ ​an​ ​established​ ​rental​ ​from​ ​day​ ​one.​ ​The​ ​tenancy​ ​is​ ​currently​ ​on​ ​a​ ​periodic​ ​agreement​ ​at​ ​approximately​ ​$480​ ​per​ ​week,​ ​generating​ ​around​ ​$24,960​ ​in​ ​gross​ ​rental​ ​income​ ​annually​ ​and​ ​providing​ ​an​ ​immediate​ ​income​ ​stream​ ​for​ ​the​ ​next​ ​owner.

There​ ​is​ ​also​ ​potential​ ​for​ ​future​ ​rental​ ​growth​ ​in​ ​line​ ​with​ ​market​ ​conditions,​ ​providing​ ​an​ ​opportunity​ ​to​ ​increase​ ​the​ ​property's​ ​income​ ​over​ ​time.

The​ ​numbers​ ​at​ ​a​ ​glance:
Asking​ ​price:​ ​$430,000
Current​ ​rent:​ ​Approx.​ ​$480​ ​per​ ​week
Gross​ ​annual​ ​rental​ ​income:​ ​Approx.​ ​$24,960
Gross​ ​rental​ ​yield:​ ​Approx.​ ​6.02%
Lease:​ ​Periodic
Body​ ​corporate:​ ​Approx.​ ​$3,500​ ​p.a.
Council​ ​rates:​ ​Approx.​ ​$4,140​ ​p.a.
2​ ​bedrooms​ ​|​ ​2​ ​bathrooms
Ensuite​ ​to​ ​main​ ​bedroom
Built-in​ ​wardrobes
Split-system​ ​air​ ​conditioning
Private​ ​balcony
Why​ ​investors​ ​should​ ​take​ ​a​ ​closer​ ​look

This​ ​is​ ​the​ ​type​ ​of​ ​property​ ​that​ ​can​ ​make​ ​sense​ ​for​ ​investors​ ​looking​ ​for​ ​a​ ​more​ ​accessible​ ​purchase​ ​price​ ​without​ ​compromising​ ​on​ ​rental​ ​appeal.

The​ ​modern​ ​two-bedroom,​ ​two-bathroom​ ​layout​ ​is​ ​practical​ ​and​ ​low​ ​maintenance,​ ​with​ ​air​ ​conditioning,​ ​built-in​ ​wardrobes​ ​and​ ​a​ ​private​ ​balcony​ ​adding​ ​to​ ​its​ ​appeal​ ​for​ ​tenants.

The​ ​periodic​ ​tenancy​ ​provides​ ​flexibility,​ ​while​ ​the​ ​current​ ​rental​ ​return​ ​gives​ ​the​ ​property​ ​an​ ​attractive​ ​starting​ ​position​ ​with​ ​potential​ ​for​ ​further​ ​rental​ ​growth.

And​ ​for​ ​the​ ​owner-occupier...

Not​ ​looking​ ​to​ ​invest?​ ​The​ ​same​ ​low-maintenance​ ​features​ ​make​ ​this​ ​a​ ​great​ ​option​ ​for​ ​someone​ ​wanting​ ​a​ ​modern,​ ​easy-care​ ​home​ ​in​ ​Bowen,​ ​with​ ​two​ ​bathrooms,​ ​comfortable​ ​living​ ​spaces​ ​and​ ​a​ ​private​ ​balcony​ ​—​ ​without​ ​the​ ​upkeep​ ​of​ ​a​ ​larger​ ​property.

At​ ​$430,000,​ ​the​ ​numbers​ ​are​ ​straightforward:

$430,000​ ​purchase​ ​price​ ​|​ ​Approx.​ ​$480/week​ ​rent​ ​|​ ​Approx.​ ​$24,960​ ​annual​ ​rent​ ​|​ ​Approx.​ ​6.02%​ ​gross​ ​yield

Set​ ​within​ ​a​ ​boutique​ ​complex​ ​of​ ​only​ ​16​ ​units,​ ​the​ ​property​ ​offers​ ​the​ ​benefits​ ​of​ ​low-maintenance​ ​townhouse​ ​living​ ​while​ ​providing​ ​investors​ ​with​ ​an​ ​established​ ​rental​ ​return​ ​and​ ​potential​ ​for​ ​future​ ​growth.

Contact​ ​Kayla​ ​today​ ​to​ ​arrange​ ​an​ ​inspection​ ​or​ ​obtain​ ​further​ ​information.