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Offmarket

Duplex Pair On 1 Title With Future Strata Potential

Property ID: 12641943
Purchase Price $650,000
Estimated Rent $720
Gross yield 5.76%
Completion - May 2015

Under construction duplex pair on 1 title in a highly sort after location. There is the potential to strata title these units at a later date and in the process add value.


THE LOCATION

This city is set to see an average of another 10,000 new residents each year for the next 20 years;

Vacancy rates are at less than 1.5% (3% vacancy rate is considered a balanced market);

Rental returns are around 5.8%;

Being located half way between 2 Major Centres, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in City while taking advantage of the and easier access to the nearby major regional centres;

The region has a strong history of long-term capital growth;

It has a strong, diverse and growing economy with the major employers being manufacturing & retail, Business & community services, Construction & Agriculture;


FACILITIES NEARBY

* Train station with access to the CBD - 2km;
* Hospital - 2km;
* TAFE - 2.8km;
* University campus - 3.4km;
* New Woolworths recently opened - 2km;
* Coles 1.3km, ALDI 1.6km;
* Primary school 900m;
* High school 1.2km;
* Several child care centers within1.5km;
* Banks, Post Office - 500m;
* Industrial Estate - 3.5km + others within a 10 minute drive;
* Motorway with access to the city and other major regional centres- 4km;


EACH UNIT HAS THE FOLLOWING FEATURES

* 3 Bedrooms - main with walk in robe, built in robes to remaining bedrooms;
* 2 Bathrooms, including ensuite to main;
* Air conditioning in the living room;
* Security screens to all doors and windows;
* Stainless steel kitchen appliances;
* Insulation throughout the units;

This is a great opportunity to lock in strong cash flow while taking advantage of a rising market and great depreciation benefits, Call Matthew Barnes now on 0430 979 900 to secure this property

* Photos are of a completed house constructed by the same builder.

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Land Area: 601m2

Type: Residential, House

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We Find Houses

Phone: 1

Enquire Now

Land Area: 601m2

Type: Residential, House