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Offmarket

Duplex Pair With Strata Potential, Under Replacement Value

Property ID: 17185645
Purchase Price $475K
Rent $330 + $290 = $620 per week
Yield 6.79%
Built 2013

With the vendor looking for a quick sale, this duplex pair on 1 title presents an opportunity to purchase for under market value. With great rental returns this opportunity will provide most investors with positive cash flow from day 1.

Situated in a quiet location just a 10 minute drive to Westfield Shopping Centre which has more than 200 stores including Myer, Coles, Woolworths, Big W, Target, and Cinemas with Ikea and Costco nearby.

There is also a large industrial estate nearby that has mostly been sold and developed. It is expected this area will employ 12,000 people once completed.

There is a bus stop just 250m from the duplex that will connect your tenants to a new University under construction. The university, due for completion in 2020, is projected to have 10,000 students.

Alternatively they can drive 7 minutes to the train station, which is just 1 stop from the new University.

Other facilities within a few minutes drive include Supermarkets, Schools, Childcare, Chemist, Medical facilities, Restaurants, Cafe's, Bunnings, Banks and Parks.

The duplex pair is currently on 1 title and has the potential to be strata titled, subject to Council approval. It is located in 1 of Queensland's best markets for capital growth.

UNIT 1

3 Bedrooms all with built in robes and ceiling fans
2 Bathrooms, including en suite to main bedroom
Open plan, air conditioned living/dining area
Kitchen with modern appliances, including dishwasher
Alfresco area under main roofline
Separate laundry
Single Lock up, remote control garage
Security screens throughout
Currently rented at $330 per week

UNIT 2

2 Bedrooms with built in robes and ceiling fans
1 modern Bathroom
Open Plan, Air conditioned Living Dining Area
Kitchen with modern appliances, including dishwasher
Alfresco Area under main roofline
Separate laundry
Single lock up, remote control garage
Security screens throughout
Has an application in place to be rented at $290 per week

For further details call Matthew Barnes on 0430 979 900.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 458m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Positive Cash Flow

Gross Yield: 6.79%

Estimated Cash Flow: $51 Per Week Positive Cash Flow

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 458m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Positive Cash Flow

Gross Yield: 6.79%

Estimated Cash Flow: $51 Per Week Positive Cash Flow