Three investments with great rental return

When it comes to buying an investment property, the rental yield is very important.

Comparing rental yield can help determine what the ongoing return may be on a potential investment and whether it will work with an investor’s overall investment goals.

Put simply, rental yield is the difference between the income received from renting out a property minus the overall costs of the investment.

It’s often expressed as a percentage. Generally, the higher the percentage means greater cash flow and higher return on investment.

So with that said, here are three investment property opportunities with gross rental yields over 6%.

>> READ MORE: 11 PLACE AVENUE, SARINA

1. Triplex with app. 8.3% gross yield

Here is an opportunity like no other to buy not one but three modern units in a tightly-held complex in the highly sought-after suburb of Sarina. This neat and tidy single-level complex features two semi-detached and one standalone unit all with two bedrooms and two bathrooms.

Cleverly designed to maximise every inch of the 1012m2 block, the three units are easily accessible by a concrete driveway with secure off-street parking. The two semi-detached units are at the front of the block, sharing a common wall between the two garages, while the standalone unit is at the rear of the block.

All three units feature spacious, light and airy open plan living/dining and kitchen areas, two generously sized bedrooms with built-ins, a family-sized bathroom with bath and shower, an ensuite with shower and toilet a separate toilet, an undercover outdoor patio overlooking the backyard and a single vehicle remote-controlled lock up garage with laundry area.

Each unit has been well designed and appointed with glossy white floor tiles throughout, crisp white walls, practical hard-wearing cream carpet in the bedrooms, modern timber look laminate cabinetry in the bathrooms and the kitchens, stone benchtops, state-of-the-art oven and cooktops, ceiling fans and air conditioning in the living area and bedrooms.

The well-executed C-shaped kitchens boast ample under-bench and overhead storage, a full-sized double-door pantry, a breakfast bar and a double sink. The undercover concrete patios are accessible via glass sliding doors and are lovely and private thanks to the six-foot timber fence surrounding the property.

With established gardens and a modern white and grey facade, this modern three-unit complex has great street appeal and is within walking distance of parks and playgrounds and is just a three-minute drive from Sarina town centre with shops, eateries and schools.

Sarina is a 30-minute drive south of Mackay and is well-known as the sugar industry town and holiday beach destination on the Serenity Coast. It is famous for its tourist attraction, the Sarina Sugar Shed and the golden sands and turquoise waters of Sarina Beach. Sarina is fast becoming a popular place to live for couples, families and singles because of its close proximity to Mackay, parks, playgrounds, schools and beach access.

Some of the benefits of this modern, neat and tidy three-unit complex in Sarina:
> Three units, two semidetached, one standalone
> 1012m2 block
> Concrete driveway, secure off-street parking
> Two bedrooms
> Two bathrooms
> Spacious open-plan living/dining areas
> Well-designed C-shaped kitchens
> Generously sized-bedrooms
> Undercover concrete patios
> Single-vehicle remote-controlled lock-up garages
> Built-ins
> Airconditioning
> Ceiling fans

This triplex is currently tenanted with a combined rental return of $1440/wk. The current tenancies are on the following leases;
> Unit 1 is currently tenanted at $480/week until 18th of September 2023.
> Unit 2 is currently tenanted at $480/week until 18th of February 2024.
> Unit 3 is currently tenanted at $480/week until 8th of February 2024
The gross yield for this investment is approximately 8.3%.

>> READ MORE: 1/1A PICCOLO STREET, NORTH MACKAY

2. Townhouse with app. 6.8% gross yield

This beautifully presented three-bedroom, double-storey townhouse is in a stylish and modern complex at the end of a quiet no-through road in the heart of sought-after North Mackay. One of six townhouses in the exclusive complex, this spacious townhouse has been cleverly designed and well-appointed and boasts light-airy rooms, polished timber floorboards and air conditioning.

On the ground floor is a large functional kitchen, a generous living/dining area and a covered outdoor entertaining area. The modern kitchen has ample under-the-bench and overhead storage including a single-door full-sized pantry. The huge island bench provides plenty of prep space and doubles as a breakfast bar with room for stools. There is a state-of-the-art gas cooktop and stainless-steel oven. The kitchen overlooks the spacious open-plan living/dining with a large sliding glass door that opens out onto the very private undercover entertaining area.

With glossy floortiles throughout and air conditioning and a ceiling fan, this open-plan living/kitchen area is crisp and cool.

Up the sweeping internal timber staircase is the second floor with three-generous bedrooms. The master bedroom features a spacious ensuite with shower, toilet and vanity and a huge walk-in-robe with built-in storage. The room has beautiful polished timber floorboards, crisp white walls and two sliding glass windows with roller block-out blinds, air conditioning and a ceiling fan.

The other two bedrooms are also light and bright and feature built-in robes, air conditioning, ceiling fans, timber floorboards and sliding glass windows with roller block-out blinds. They share a large family-sized bathroom with a shower over the bath, toilet and vanity. There is also a separate laundry area and extra storage.

The townhouse has secure off-street parking for two cars, one in a remote-controlled lock-up garage and the other in an undercover carport that can instead be used as another undercover entertaining area.

With established evergreen gardens, a pebbled concrete driveway and a stylish white and grey modern exterior, this townhouse complex has commanding street appeal. Positioned at the end of a quiet no-through road in the heart of North Mackay, this well-presented family townhouse is close to the Goose Ponds parklands and North Mackay shopping centre. North Mackay has so much to offer in the way of schools, shopping, cafe and retails and this property has lots to offer tenants, with all of this, the Central Qld University, Mackay Whitsunday College (boarding is available) and a multitude of other excellent schools and hospitals also well regarded and easily accessible.

Some of the benefits of this beautifully presented, three-bedroom, double-storey townhouse:
> Three bedrooms
> Two bathrooms
> Large kitchen
> Open-plan living area
> Private undercover outdoor entertaining area
> Single remote-controlled lock-up garage
> Separate laundry
> Undercover carport
> Polished timber floorboards
> Air conditioning
> Ceiling fans
> Walk-in robe in master
> Built-ins

This townhouse is currently tenanted with a rental return of $480/wk. The current is on a six-month lease though until the 20th of July 2023 and the gross yield for this investment is approximately 6.8%

>> READ MORE: 42 KEELEYS ROAD, SLADE POINT

3. Duplex with app. 7.8% gross yield

Here is an outstanding opportunity to buy not one, but two units in highly sought-after Slade Point. This neat and tidy brick duplex features two spacious units on the one title.

Unit one has two generous bedrooms, one converted garage currently being used as a dining area with AC, living/dining room, kitchen, bathroom and seperate laundry area. All bedrooms have built-in robes, ceiling fans, air conditioning and windows with timber Venetian blinds.

The living area is air-conditioned and spacious while the L-shaped kitchen is well-appointed and functional with a freestanding electric stove and ample under-bench storage. It is adjacent to the laundry area with a laundry sink and room for a washer and dryer.

Unit two has two generous bedrooms, an airconditioned living/dining room, a larger kitchen and pantry, a bathroom and a laundry area. Both bedrooms have built-in robes, ceiling fans, air conditioning and windows with timber Venetian blinds.

The large L-shaped kitchen has lovely timber benchtops, ample under-bench storage, a full-sized pantry and a freestanding electric stove. It is adjacent to the laundry area with a laundry sink and room for a washer and dryer.

Both units are bright and fresh with ample windows, crisp white paint and glossy white tiles throughout.

In the middle of the two units is the garage with a tiled floor and there is extra external secure car parking available. The units, divided by a double-block firewall, are positioned in the middle of an 805m2 residential zoned block with a concrete driveway at the front and a fully-fenced grassy backyard at the rear.

The last property on Keeleys Road before you reach the golf course, this duplex is surrounded by farmland and parklands proving peace and privacy. However, this duplex is also incredibly central with the beaches of Slade Point and Mackay Harbour just a few minutes’ drive away, Andergrove shops a five-minute drive and Mackay CBD only a 10-minute drive away.

Slade Point is a peninsular in Mackay offering the best of both worlds: nature and convenience. With Lamberts Beach stretching 73 hectares down one side and schools, shops and parks, why live anywhere else?

Some of the benefits of this duplex with two spacious units on one title:
Unit 1
> Three bedrooms
> One bathroom
> One living/dining area
Unit 2
> Two bedrooms
> One bathroom
> One living/dining area
> Lock up garage
Both units
> Air conditioning
> Built-in robes
> Fully-fenced backyard

This duplex is currently tenanted with a combined rental return of $750/wk. The current tenancies are 12-month leases and the gross yield for this investment is approximately 7.8%. The rental appraisal for each unit is *$450/week or approximately 9.3% gross yield.
Unit 1 is currently tenanted at $350/week until 22 December 2023. Unit 2 is currently tenanted at $400/week until 21 November 2023.

To take advantage of the exclusive opportunity to secure one of these three investment properties with gross rental yields over 6%, contact Benjamin from Baileux today, to arrange your inspection. Ph. 0400 989 161 or benjamin@baileux.com.au.