21 Lothair Street

Pimlico QLD 4812

We are delighted to present this stunning opportunity to purchase two separate investment houses at offers over $550,000 each, or purchase both, at offers over $1,050,000.00 (Both bringing in excellent returns and situated in an enviable location close to local amenities including the Mater Hospital, QLD TAFE and Pimlico High School. With both homes on separate titles but with no body corp fees to pay, you can have the flexibility of choice with no extra costs. Currently returning $46,800 pa, you can have two secure investments and the potential for further capital growth. With current rent appraisals at 1/21 Lothair Street - $500 to $530 per week and 2/21 Lothair Street $550 to $580 per week income could go as high as $57,720 *Property 1 (Currently leased at $470 per week, on a 12 month lease until 14th January 2027; with a rent increase in May to $500 per week) offers an exceptional 3 bedroom 1 bathroom classically styled Queenslander that has been raised to legal height. This excellent property offers the ability to build in underneath up the track (Council approval pending) for future development and income producing potential and currently houses the laundry and extra storage/parking options for the tenants. Inside offers open plan living areas complete with polished timber flooring, stunning high ceilings and vj timber clad walls. All three bedrooms boast split system cooling and built in robes plus ceiling fans. The galley-style kitchen offers tenants loads of room for storage plus all the essentials; with a free-standing electric stove, rangehood and dishwasher. The family-sized tile floored bathroom is a well laid out treat, with a neat shower over the bath, vanity and toilet. Outside also boasts off-street parking and a shady front porch plus a low maintenance fenced yard.Property 2 (Currently leased at $430 per week, on a 12 month lease until 23rd June 2026, with potential to increase this rent at the end of the current term) offers a solidly constructed and fully separate, 3 bedroom 2 bathroom low-set home. This equally impressive property situated privately behind Property 1 includes tiled open plan living and dining areas with split system cooling. All three bedrooms boast split system cooling and built in robes plus ceiling fans and carpeted flooring. The well-laid out kitchen offers tenants everything they would need, with a large pantry and loads of cupboards plus a glass cooktop, built in oven and rangehood. Both bathrooms are excellent, with the main bathroom offering a glass screened shower over the bath, vanity and toilet, and the ensuite a glass screened shower, vanity and toilet. Outside also features a tiled covered entertainment area, off-street parking and a lockable laundry room plus its own fenced yard.Distance to:Mater Hospital 0.2kmAnderson Park 0.8kmPimlico High School. 0.9kmCastletown Shopping Centre 2.4kmTownsville Shopping Centre 3.5kmQueensland Country Bank Stadium 5.1kmPlease enquire online for further information including up to date rental appraisal, rates, plans and insurance details. The Townsville market has never been hotter, and with a great income, quality properties and great potential for further growth give me a call to snap these up before they're gone!* Please note, that if the property has had a rental price increase within the past twelve months, this rental estimate is considered invalid. In such cases, the current rental figure for the property must be utilised and cannot be increased until after 12 months have passed since the last rental price increase.