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Offmarket

Duplex Pair With Strata Potential & Positive Cash Flow

Property ID: 16418665
Purchase Price $470K
Rent $290 + $270 = $560
Existing Yield 6.2%
Constructed in 2013

Positive cash flow from day 1, this 3 year old duplex pair on a 651m2 block has been constructed with future strata title in mind (Council sign off is required). There is a fire wall in place, separate power to each unit and separate water. As the property is water efficient, tenants pay for water usage.

Similar, but slightly smaller blocks of land in the location are selling for around $260K, showing the built in value in this property.

Located in South East Queensland,vacancy rates in the area are at just 1% (2 to 3% is considered a balanced market).

PROPERTY FEATURES

UNIT 1

3 Bedrooms, master with walk in robe and en suite;
2nd Bathroom;
Air conditioned living area;
Gas cook top, dishwasher and good bench space;
Single remote control lock up garage;
Currently rented at $290 per week;

UNIT 2

2 Bedrooms, both with built ins;
1 Bathroom;
Air conditioned living space;
Gas cook top, dishwasher and good bench space;
Single remote control lock up garage;
Currently rented at $270 per week;

FACILITIES NEARBY

10 Primary Schools (6 Public and 4 Private);
6 High Schools (5 Public and 1 Private);
1 Private Prep to year 12 school;
18 Childcare centres within an 10 minute drive;
2 University Campuses;
TAFE College;
3 Adult Educational Facilities;
4 Shopping Centres;
2 Hospitals (1 Private and 1 Public);
Several medical centres;
Bus stop 650m;
Train station;
A new $25 million business hub;
A new $17 million equestrian centre;
A new $13 million Sports complex;

NEW PROJECTS COMING

$2 Billion Industrial Park, which will is projected to provide 27,000 jobs;
2 new primary Schools;

Call Matthew Barnes on 0430 979 900 to secure this opportunity.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 651m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Positive Cash Flow and Capital Growth

Gross Yield: 6.2%

Estimated Cash Flow: $45 per week

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 651m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Positive Cash Flow and Capital Growth

Gross Yield: 6.2%

Estimated Cash Flow: $45 per week