Are you looking for a sound investment or opportunity to live in your own 3-bedroom unit & rent out the other side or even have extended family? Well, this may just be what you have been searching for. Located with an aged care facility on one side & rear & vacant bushland on the other side, makes this a very quiet location with loads of appeal.
The seller is liquidating her investment so it’s now an opportunity for someone else to take over. Both tenants are paying $295 per week in rent, so that’s an income of over $30,680 per year with a 5.1% Gross rental return on your investment. The current rental appraisal in this heated market is $320 for each unit increasing the gross return to 5.5%
The duplex is NOT Strata Titled, so units must be sold as one & cannot be sold individually
Features on each unit (mirrored design) see floor plan for measurements and layout
- 3 bedrooms on each side (all built-in) with carpets & fans
- Living area at front of each unit
- Kitchens with electric appliances including dishwashers, double sinks, & large pantries
- Very large dining area or 2nd living with ample room for a smaller dining table
- Single lock-up garages with internal access & remote roller doors
- Fully Ducted Air Conditioning throughout with zones for all rooms
- Bathroom with shower & bath & separate toilet
- Very large, covered patios which are great for entertaining, unit one has extensive hedges for added privacy
- Good sized courtyards ideal for children and/or a dog
- Security screens on all doors & windows
- Tinted windows for added privacy & to reduce energy costs
- 2 TV points in each unit
- All smoke alarms updated to the new 2022 code so are all interconnected
- Sitting area in front of units & building design has one unit setback for added privacy
- Unit 1 lease expires 22/09/2022 & Unit 2 lease expires 10/05/2022
- Land rates & water connection fee of approx. $4,600 per year (water excess charged extra)
No open houses are planned so call Scott or John for your private inspection.