34 Bower Street Ayr QLD 4807

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$99,000

Cheap Investment Property - Net Capital Return Of Nearly 6%

34 Bower Street, Ayr
FANTASTIC opportunity to bag a Burdekin bargain! Our Vendor meets the market and this property quite literally wreaks potential!! Classic low set Queenslander perched on a massive 1593 sqm allotment - one of Ayr's biggest residential blocks. This traditional home provides for an outstanding renovating opportunity with its full VJ (tongue/groove) interior, French Doors and honey-pine and hardwood timber floors. A clever paint and polish will quickly restore this solid dwelling into its former glory. Internally, it has two (2) bedrooms, a full length front enclosed sleep-out / verandah (which can easily be transformed into a third bedroom), a decent laminated kitchen and internal laundry. It is set on cement piers. Externally the property has a single-bay zincalume shed and a whopping piece of Ayr residential land screaming for lush lawn, trees and gardens. This property currently has a Lease in place and rents for $180 per week and boasts a Net Capital Return of nearly 6%. Which Bank pays that? It would also fit perfect for young First Home Buyers or families starting out. On the flip-side, it is also perfect for a couple of "Grey Nomads" to park their Caravan for six (6) months and then reap some income by renting the house out for the other six (6) months. This property enjoys approximately 24.3m of street frontage and a lengthy 82.4m (approx LHS boundary) and 76.0m (approx RHS boundary) of depth. It is located one street back from our busy Queen Street (CBD). Call for details or an immediate inspection.

Property Code: 403786357
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Last updated 05:42PM on Dec 5th 2016
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Sugar Realty - Burdekin

129 Queen Street
Ayr QLD, 4807

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Sugar Realty - Burdekin

129 Queen Street
Ayr QLD, 4807
More property from Sugar Realty - Burdekin
140 Tenth Avenue11 Lando Street52 Eighth Avenue30 Mary Street13a Lisa Drive, Lisa Drive18 Margaret Street
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