24 The Terrace, North Ipswich, Qld 4305

Unlock the potential of this solid block of 5 units, strategically located in a thriving area with limitless possibilities for redevelopment! This is the perfect secure investment for savvy investors.

Property Highlights:
- 5 Units: Each featuring 2 bedrooms, 1 bathroom, and 4 with a dedicated car space. The internal photos used are of unit 5, this unit sits at the back of the block up one level of stairs and has a large open concrete space underneath.  
- The building was built approx 1980's
- Secure Returns: Long-term tenants already in place, 1 of which has been a tenant for over 20 years.
- Huge 1,012m² block ripe for redevelopment, just take a look around at the neighbours' redevelopment 
- This property has not been affected by flood.
- One Title - One Income 

These units are located under one roof and are returning $1510 per week with an opportunity to further increase rents if improvements to the units were carried out as many units are leased at under-market value. 

Unit 1 - Lease expiry 01.02.2025 $250pw
Unit 2 - Lease expiry 22.10.2025 - $320pw
Unit 3 - Lease expiry 30.10.2025 $320pw 
Unit 4 - Lease expiry 14.02.2025 $320pw 
Unit 5 - Lease Expiry 22.01.2025 $320pw 
- Outgoings, council rates approx $1900pq, Water rates $1700 pq

Area Highlights:
- Riverlink Shopping Centre - 500 m
- Bus Stops (multiple routes) - 250 m
- Queens Park - 1.5 km
- Ipswich Grammar School - 1.3 km
- Ipswich Hospital - 2 km
- West Ipswich Train Station - 1.2 km
- Brassall Shopping Centre - 3 km
- Silkstone State School - 1.8 km
- Riverwalk Park - 800 m

This property offers immediate cash flow and significant future potential in a rapidly growing market. Don't miss your chance to capitalize on this outstanding investment!