This neat and tidy duplex style, refurbished throughout, sits on a prime 637m2 block in Nambour’s town centre, backing onto Petrie Creek and adjacent parkland, and zoned for future development.

There is a one bedroom and a two bedroom duplex, one with a carport and one with a single lock up garage; the one bedroom is currently leased at $230 per week, and the two bedroom has achieved $250 per week in the past, generating an attractive yield of $480 per week.

Circa 1975, the building is in very liveable condition ‘as is’ and clearly there is potential to demolish for commercial development in the future, with its “Major Centre” zoning. This would suit a savvy investor seeking an income in the interim whilst land-banking to on-sell in future for gain, or to redevelop.

Nambour has undergone somewhat of a renaissance in recent years, with the town reinventing its image, and now boasts a plethora of boutique cafes, new cinema complex, funky retail hubs and a monthly Tramfest. The proposed rail duplication is another positive that will boost the town economically…and this property is in an absolute prime position to capitalise on that!

Housing affordability issues have changed the demographic of the town, with many young families purchasing here due to the range of amenities, the larger land sizes and affordability…this has injected some fresh energy into the town, and the future is looking very bright indeed.

There has never been a more opportune time to invest in Nambour; and this is a particularly exceptional chance to secure a parcel of land that will appreciate in value, whilst generating a passive income immediately. Call Agent today to discuss further.

BULLET POINTS:

- Neat and tidy duplex on 637m2 prime land
- 1 x 1 bed, 1 x 2 bed – rent potential of $480pw
- Refurbished inside, very liveable ‘as is’
- Zoned ‘Major Centre’ – just footsteps to town
- Commercial development potential
- Land-bank and earn income in meantime
- OR demolish and redevelop (stca)

Disclaimer:The information statements, views/or opinions expressed in this publication are to be used as a guide only. Neither the Seller nor Riddell Real Estate nor any person involved in the preparation of distribution of this material gives any guarantee or warranty concerning the accuracy or validity of its contents nor will they accept any liability. All prospective Buyers should make their own enquiries and satisfy themselves by inspection or otherwise as to the suitability of the property.

Property Code: 403889870