92-96 Milton Street, Mackay QLD 4740

Cash Cow + Development Land

Block Of Units - Mackay QLD

* 4360sqm of land on 2 titles zoned Higher Density Residential
* 20 units in total currently
* 12 x 2 Bedroom + 1 Bathroom + 1 Garage
* 7 x 2 Bedroom + 1 Bathroom + 1 Carport
* 1 x 3 Bedroom + 2 Bathroom + 1 Carport + Rumpus
* All individually titled
* Development potential for 6 more units subject to council approval
* CBD Fringe location
* Current rent $8680 on fixed term tenancies (Annual increases soon)
council rates approximately $1650 per unit per half year
* No body corporate fees
* Insurance amounts available on request

For more information please contact Paul Bryan at Penny Wood Lane Boutique Real Estate Agency