51/87 Oak Street
Chinchilla, QLD 4413

Overview

Unit 51/87 Oak Street, Chinchilla QLD 4413

This townhouse represents an excellent opportunity for smart investors seeking a fully furnished, low-maintenance property within a tightly held complex. It offers consistent rental returns combined with lifestyle features that encourage tenants to stay longer and pay higher rents. The property is positioned privately towards the rear of the complex, providing a peaceful and stable investment environment.

Investor Highlights:

• Fully furnished, enabling immediate rental income.
• Three bedrooms, each equipped with built-in wardrobes and private ensuites, making it ideal for shared living arrangements.
• An additional fourth toilet located downstairs enhances practicality and tenant convenience.
• Open plan living area that flows seamlessly to a private, low-maintenance courtyard.
• Single lock-up garage with internal access for secure parking.

Tenant Appeal That Drives Returns:

• Access to an inground swimming pool within the complex.
• Gym facilities available for residents.
• Quiet, rear-positioned townhouse offering privacy and comfort.
• Conveniently located approximately an eight-minute walk to the Botanical Gardens and fifteen minutes to the central business district.

Investment Snapshot:

• Currently leased to a company tenant at $541 per week.
• Rent appraised at $600 per week.
• Lease is in place until 12 May 2026, with tenants keen to renew.
• Tenant has been in place since May 2024.
• Chinchilla's vacancy rate is under 1%, indicating strong rental demand.

Financial Details:

• Council and water rates are approximately $61 per week.
• Body corporate fees are approximately $45 per week, which includes insurance, administration, and sinking fund contributions.
• The property was built around 2014.

This investment offers exceptional tenant stability and income, strong tenant appeal, and low ongoing maintenance requirements. It is an ideal asset for investors seeking simplicity, stability, and performance in their property portfolio.

Offers Close: All offers must be submitted through the designated Offer Portal by Tuesday 21st April at 2pm. Offers should include all terms and required documentation. All parties will be notified of the outcome in writing within 48 hours.

Additional Information: Prospective purchasers are encouraged to conduct their own enquiries and inspections to verify all details. The property information package is available upon request through the appropriate channels.

Location