9 Lord Street, Gladstone Central QLD 4680

Property Details: • Type: Block of Units

• Bedrooms: 6 • Bathrooms: 6

Description: Raine & Horne Gladstone are proud to introduce 9 Lord Street, Gladstone Central to the current property market and guarantee that this property is going to be one very "hot property" in the current residential market place. If you have been waiting for a prime opportunity to secure a 6-pack of units in the most sought after area of Gladstone, then this is one property that you can't miss out on. In fact I think this may well be the most popular property I have come across this year - so make sure that if you are looking for a multi-unit complex in Gladstone that this property is on your 'must see' list. The property consists of 6 x 1 bedroom units and is located only a couple of hundred meters from the Gladstone CBD, Yacht Club, East Shores Precinct and Marina Parklands, so the location is absolutely perfect. The complex is fully tenanted and has a Gross Return of $1,935 per week - which equates to $100,620p.a. and a Gross Yield of 6.70% and there are NO Body Corporate Fees as the property has not been Strata Titled. The Owners have also just recently replaced the entire roof and replaced 6 air-conditioners. The Council Rates are approximately $17,246p.a. which includes all services plus water. Other outgoing costs include : Building Insurance: $3800 & Landlord insurance for each unit: Approx. $220 So what are you waiting for... Contact the Marketing Agent Steven James on 0439 111 197 to secure this fantastic property today, as opportunities like this do not come up very often..!