This property is located in the council area of Logan.
Why LOGAN? Consistent long term growth, above average rental returns and low vacancy rates makes LOGAN attractive to investors. Abundant schools, an abundance of shopping options along with plentiful strong employment hubs in all suburbs makes the Logan area in particular an “in demand” area for housing.
The Opportunity: this property gives twice the opportunity. Not one rent but two! From the street front it appears to be a single family home, but it is when you look inside that you realize that there are two separate dwellings included in this property. That is right – two dwellings – two incomes! This property is strong positively geared right from the first month for most investors.
• The features of a dual living property are:
• Positive cash flow
• Low outgoings – no body corporate fees, low council rates and water rates
• Achievable rents are approx 50% higher than the typical 4 bedroom house
• Located in high growth area, with high rental demand
• Located in prime quality residential estates
• Located in high population areas close to fast expanding hubs
• Larger lots
• Lower your risk – if one dwelling is vacant, the additional one is still producing income
• Close to schools, shops and all other services and recreational facilities

AREA INFORMATION: HILLCREST I s higher demographic suburb with higher income levels than some other suburbs of Logan. It is next to the suburbs of Regents Park, Boronia Heights and Heritage Park. It is undulating and with tree lined streets and numerous parks – the area is clean and green. Less and less land is available in this suburb, so in the next 3 years this suburb will boom! Not to say it has not boomed now – land was around the $320,000 price 2 years ago and now it is near to $500,000 for same size lot. This is a highly sought after location – no flooding risk and crime is less than in other suburbs nearby.

THIS OPPORTUNITY:
DUAL OCCUPANCY: total of 6 beds, 3 baths and 2 cars
Land: Lot 5 – size 374m2. Price: $505,000 Registered
Dual Occupancy: unit 1: 4beds, 2 baths and 1 car Plus
Unit 2: 2 beds, 1 bath and 1 car
Total size of dwellings: 235m2. Build Cost: $514,500
FIXED PRICE CONTRACTS

Inclusions:
Summary only: – upgrades available at nil additional cost include:
- Split systems x 3 in total – 2 in main unit + 1 in secondary unit
- Tile flooring in kitchen, dining and living in both units
- Roller blinds throughout
- Stone benchtops in kitchen and bathroom/ensuite vanity units
- Upgraded shower and tap fittings in kitchen and all bathrooms
See brochure inclusions for full details of inclusions

Rental estimate:
Estimates is attached:
$1100 to $1200 maximum per week for both units

To Purchase:
Two contracts – Land plus building contract – pay stamp duty only on land price
Finance: 21 days from contract date for approval s/to valuation
Settlement: 14 days after finance approval notified as unconditional or 14 days from registration of title
Well established local Logan/Gold Coast builder with excellent quality presentation and construction.

NOTE: DUE TO HIGH LEVEL OF SALES THIS PROPERTY IS SUBJECT TO AVAILABILITY AT TIME OF ENQUIRY

FOR SALE: $1.019,500
KAYE TILLEY 0418 823 046