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INVESTMENT OPPORTUNITY, COLLINSVILLE, NORTH QUEENSLAND

LOCATION / AREA

Collinsville, near Bowen and Proserpine, North Queensland

PROPERTY TYPE / SIZE

2 large adjoining blocks of land with three buildings. One has a 2 bedroom house and the other has two large buildings. It was previously used as the hospital / nursing home and was converted to units about 40 years ago. The property is ideal for providing good rental returns. The units alone will return an easy 10% of sale price (80% occupancy). It includes a modern house and block of two shops ideal for food or general store.

PRICE RANGE

$700,000 for both properties or $550,000 for property A (with flats and shop) if bought separately. The house is $240,000 if bought separately.

PROPERTY DETAILS

Collinsville is close to mining areas and has good rental opportunities for flats or serviced rooms (up to $200 pw).

Property A

This is a 1,380 square meter block with two large buildings. This has 5 flats which are self contained and ideal for rental.

Mango Tree Front Yard	Front Porch	Rumpas / Dining

It has:

• Cedar and silky oak timber construction (white ant proof) with hardwood internal framing
• Besser block 1st shop – partially set up as a Laundromat
• Original emporium (large 2nd shop - currently used as storage)
• Flats are licensed / zoned by council

N.B  This property has great potential. It needs some superficial work (paint etc) to improve the looks.

Driveway	Flat Kitchen	Flat Bathroom

Property B

This has a high set 2 bedroom family home in excellent condition.

It has:

• Fruit trees
• Large lawn and garden area
• 1 large garden shed
• 1 small garden shed
• Solar hot water service

Location:

These properties are in the central area of Collinsville township.

That is;

• walk to community centre
• Adjacent to the Post office
• Backs onto the showground (tennis, skateboard and basketball facilities)
• Only 1 km to local hospital

Shop Front	Front Of Shops	Front Door Shop

Potential:

Potential exists to do a boundary adjustment and put 5 carports (one for each flat) on the current house block (Property B)

Rental Return:

Property A has the potential to return excellent (10%) income from the units, plus extra from the shops; whilst living in the house.

Back View	Overall View	Underneath Flat

BEST FEATURES

• High rental returns
• Good capital gains to be made
• Central location in Collinsville township
• Ample employment in the mines nearby
• Good fishing in local river, dams and weirs
• This area is rapidly increasing in capital value
• Quality lifestyle in rural Australia
• Easy drive to Bowen and Proserpine / Airlie Beach areas

ADDITIONAL INFORMATION

This is a unique property with great potential. It would be ideal for workers in the mining industry needing accommodation and wanting to earn extra income. It is also a good opportunity for investors, a tradesman or handyman to capitalise on their skills. The property has potential for heritage listing.

Contact Details

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