Situated on the most prestigious CBD street in Charters Towers, this unique property offers the dual benefits of commercial zoning and (current) residential usage. This means the property may be purchased by residential contract and with a residential mortgage. Changing the current usage to commercial in the future is a simple matter as the land is zoned commercial.
Currently, this property leased to a corporate client at $875 per week on a residential contract. There has always been strong demand for this property. This strong demand is expected to continue for many years. The property features 9 bedrooms, 2 large lounges, 3 toilets and 2 bathrooms. Maintained to a high standard, the property is air-conditioned and fully furnished throughout. Outside, the property is fully fenced, with ample parking and a generous outdoor entertaining area, which backs onto a large and open back yard.
Future possibilities for this property include offices or business centre, childcare, bed and breakfast, or medical practice (with 9 separate consulting rooms and 2 receptions).
Prime CBD Property with over 8% Gross Return