16 Lily Street, Hermit Park

INVESTMENT WITH PURPOSE AND PERFORMANCE- $144,170 p/a (gross ex GST)

THE DEAL
This is not a vanilla residential investment. This is a high-yield, multi-income asset with real structure, real management, and a proven operating history.

Set on a prominent corner allotment in Hermit Park, this fully compliant, fully furnished boarding and share accommodation property combines strong residential cash flow with an established commercial tenancy out front. It is professionally managed, smoke alarm compliant, holds the correct certifications, and operates as a genuine going concern.

Since being placed under proper management, the property has stabilised significantly. Systems are in place. Leases are in place. Tenants are supported. Income is reliable.

For an investor who understands yield, risk spread, and the value of an asset that actually functions day to day, this is a serious opportunity.

THE PROPERTY
- Two-storey boarding and share accommodation property
- Fully furnished residential rooms
- Certified, accredited, and smoke alarm compliant
- Multiple kitchens and shared amenities
- CCTV surveillance throughout common areas
- Outdoor breakout and communal areas
- Weekly professional cleaning and ongoing maintenance
- 809m² corner allotment
- Standalone commercial tenancy fronting the street

A building and pest report has been completed on the property.

THE INCOME
- Residential Income
- Combined residential rent: $2,350 per week
- Electricity included in rent
- Strong demand supported by referral organisations including Red Cross
- Bonds and initial rent often facilitated through support services, reducing vacancy friction

Commercial Income
- Commercial tenancy rent: $1,859 per month including GST
- Net rent exclusive of GST: approximately $1,690 per month

Indicative Gross Income
- Residential: approximately $122,200 per annum
- Commercial: approximately $20,280 per annum excl GST
- Combined gross income: approximately $144,170 p/a

A full breakdown of income, outgoings, and net return will be provided in the Information Memorandum.

THE LOCATION
Hermit Park is one of Townsville's most established and tightly held inner suburbs, favoured for its proximity to employment hubs, health services, education, and transport.

Approximate distances:
- Townsville CBD: 3 km
- Townsville Hospital: 2.5 km
- Mater Hospital: 2.8 km
- Castletown Shopping Centre: 1.5 km
- Hermit Park Shopping Precinct: 900 m
- Public transport routes: within walking distance

This is a location that supports consistent demand and long-term occupancy.

WHY THIS PROPERTY
This is yield with structure. Income with oversight. A property that serves a real need in the community while delivering strong returns to the owner.

Offered for offers over $2,000,000, this represents a rare chance to secure a diversified income asset in a proven inner-city location, with management systems already doing the heavy lifting.

Full financials, lease details, and operational breakdown available in the Information Memorandum.

If you are looking for an investment that works, not one you have to babysit, this one deserves your attention.