Amazing Duplex Opportunity on 1520m2 on one title. Two 3 bedroom units (chamfer on brick construction) with a gentle slope to the 28m street frontage & with 55m depth. This property provides the almost perfect site for solid holding income and potential future re-development in an excellent location.
Featuring:
UNIT 1:
- Renovated kitchen,
- Original bathroom with updated vanity
- Original laundry with separate toilet
- Lounge room with sliding door to large front patio
- Three good sized bedrooms
- New carpet and curtains
- Good sized yard including SHED for the vehicle – 6m x 4.5m
- Currently renting for $275/week.
UNIT 2:
- Newly renovated and stylish kitchen
- Renovated bathroom
- Original laundry with separate toilet
- Freshly painted throughout
- Quality new carpet and curtains to lounge and all bedrooms
- Lounge room with sliding door to large front patio
- Electrical rewiring and new light fittings throughout
- Three good sized bedrooms
- Good sized yard with carport and small garden shed
- Currently renting for $295/week
With current rental of $570/week (over 6% gross return) this property is a ‘much better than the average’ investment for your portfolio. All up land size is 1520m2 – the whole package is on one Title. The site may be redeveloped (subject to Council approval) & would provide excellent appeal due to the location and aspect. Or, it can be held as is, with solid rental income, “JUST” poised for future growth. It’s decision time!