LIFESTYLE 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.

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 flats and shop
$240,000 for house

Will consider an exchange for acreage in the Burnett Region plus cash.

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
• New mines opening despite the "financial crisis"
• Ideal for large or extended family

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.

This area of North Queensland is going ahead.  With Airlie Beach and the Whitsunday Islands only 1 ½  hours away and new mines being established there is both lifestyle plus employment to be enjoyed.

Contact Details

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