Sunken down on a gently sloping block, towered over by stone wall retaining a double decker investment haven. It offers two rental incomes for the price of one traditional investment home, prime land with exquisite harbour views and ample space for future development of the communal outdoor areas used by the tenants.
An epic entrance driveway curves down from the roadside past the single garage and to the front of the units, offering a fully concreted space with a massive turning circle and providing plenty of additional parking for multiple tenants.
A small staircase leads up to the top unit, while a sheltered entrance way provides access to the second.
Upstairs, unit one has been refreshed with modern colour schemes and window fittings. Upon entry, an L shaped hallway bends around and introduces each room of the home starting with the well appointed kitchenette and dining space with wood toned cabinets, overheads and a modern gas oven, grill and stove combo.
The next room is a contemporary lounge room space, which makes the most of the harbour views via a full wall glass window and door unit providing access to the private balcony. A rich olive green feature wall combines with bright white to create a comfortable space to lounge.
Three surprisingly generous bedrooms follow, each featuring big awning windows and roman blinds, the master with superb views over the ocean through luscious peppermint trees. They share the big bathroom, with extra large vanity and shower over bath, a space that could be easy refreshed with more mod cons.
Downstairs and unit two adopts the same layout, and the same light and airy feel, however features two spacious double bedrooms instead of three. It’s features are clean and crisp, and could easily be revamped to the same modern standard as its upstairs neighbour.
Outside and the communal areas feature established lawns and a separately fenced sunken level which is setup as a hydroponic veggie garden so that the tenants can share a rich yield of home grown veggies.
As an earner, this property works hard for you, with a current potential weekly rent of $530 in total, and this could easily be boosted with some savvy, low cost refurbishments to the lower unit.
It’s a win, win investment situation, a double doozey that will have you laughing all the way to the bank.
What you should know:
- Two separately leased units
- 2 and 3 bedrooms with kitchen and lounge
- Superb views and prime land overlooking the harbour
- Ample parking space for tenants including garage
- Just minutes from the CBD