Cooktown investment house with ideal returns
Behind the wooden fence is this charming large 6 bedroom 2 bathroom wooden two-storied house, backing into a leafy seasonal creek on the edge of Cooktown. A top entertainer with plenty of space for everyone to relax and unwind even if everyone is inside, there is loads of space. Solidly built from hardwood imported from PNG the house was fully renovated a few years ago and has been a rental for the past 5 years. For investors wishing to add to their portfolio, the returns on this property are enticing the property is low maintenance and perfect for a tenant family with pets, and kids.
The owners are sadly selling this investment home which they have now owned for some time. With a leafy back yard this property is on a 1,249m2 block with 192m of floor area over two floors in a house area of 204m2. The rental market in Cooktown has been tight for some time now. This ongoing demand offers security for investors of residential rental property for the long term.
Proximity to all major amenities and located near roads north and south is an absolute feature of this property. The property has been tastefully renovated and fully fenced. Here is an opportunity to have the home as an investment property as-is under lease with Education Queensland for $565 p.w. + CPI until Dec 2023. A 6.5% gross return on investment or 5% nett. This residential area of Cooktown is away from the wind the town is well known for.