1 King Street

Chillagoe QLD 4871

Phone enquiry code for this property : 8939Expect 8% return on investment.Secure a piece of mining-town heritage; enjoy a reliable rent income, and tax-deductable trips to North Queensland!This 154.5 sq. m 4-bedroom 2 bathroom residence sits on a 1,012m2 town block, but was once the nurses quarters in the grounds of the nearby Chillagoe Hospital. This heritage is borne out by the exceptional ceiling height in the hallway and bedrooms, plus such charming features as fanlights over doorways, and French doors from each bedroom onto what was the original wrap-around verandah, now enclosed to create open plan lounge, kitchen and dining areas. It is located at the historical end of King Street, and fits comfortably with the similarly-styled Court House, Police residence and old Magistrates residence, all harking back to a similar era.A solid timber structure on low concrete stumps, it has been recently re-clad with new vinyl planking, and will require no ongoing exterior painting maintenance. Floor coverings were also very recently upgraded, and there is a brand new poly rainwater tank. Town water is also connected, and a low-volume private bore in the backyard allows for garden watering without incurring water charges. The hot water system is solar.The house is air-conditioned throughout, fitted with hard-wired smoke alarms, and VAST television system is installed. It has been rented to Queensland Education department as a teachers residence since 2001. The department has expressed an ongoing interest in retaining annual tenancy. The current lease expires end June 2021, and a new 12 month lease contract has been approved.Phone enquiry code for this property : 8939