Brand New Positive Cash Flow Duplex Pair That Meets SMSF Criteria
Property ID: 15968725
Purchase Price $680K
Estimated Rent $340 + $340 = $680 per week
Estimated Gross Yield 5.2%
Expected Completion 4 Weeks
Often sought, but rarely found. On offer is a brand new duplex pair on 1 title with the potential to be strata titled. All the work has been done to allow strata titling at a later date if you would like to sell them separately. This property is full turn key.
This investment meets the Self Managed Super Fund requirement of a single contract.
With each unit having an estimated rental return of $340 per week and double depreciation benefits, this property presents a positive cash flow opportunity.
The developer will pay 70% of the stamp duty cost, making this property great value.
The total land size is 800 m2 and the total building area is 365 m2. The units have a symmetrical floor plan, with each unit having;
3 Bedrooms, master with walk in robe and en suite;
A second bathroom with bathtub;
Double lock up garage;
Split system air conditioning in living areas;
Ceiling fans to all bedrooms and living areas;
Stone bench tops in kitchens;
Stainless steel oven, rangehood & dishwasher plus ceramic cooktop;
Ceiling insulation to living areas;
Full turfing and basic landscaping.
FACILITIES NEARBY INCLUDE;
There is a bus stop within walking distance and train station with direct access to two (2) CBDs less than 10 minutes away. There is also a new train station to be opened in the near future only 5 minutes away as part of the state government's infrastructure project for the region.
The local shopping centre has a redevelopment underway with approximately 75 shops once completed with brands such as Coles, Woolworths, Target, Aldi, KFC, Subway and Hungry Jacks.
Within 10 minutes drive your tenants will have access to more than a dozen supermarkets including Coles, Woolworths, Aldi, Spar & IGA, dozens of restaurants and cafe's as well as banks, pharmacies and medical centres. There is a also a shopping centre with Big W,Coles, Kmart, Cinemas, more than 110 specialty stores and over 1,650 Car parks.
There are several childcare centres and schools (both Public & Private) within 5km. A University and a TAFE campus are also nearby.
For further details please call Matthew Barnes on 0430 979 900.