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.

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 1,619sq m* and comes with a high level of occupancy with long-term tenants.

“The asset includes 8×3 bed with two-bath and 2×2 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.