Positive Cash Flow Duplex Pair On 1 Title With Strata Potential
Property ID: 16151535
Purchase Price $595K
Rent $655 per week
Gross Yield 5.72%
Age 5 Years
If an established duplex pair with great returns and capital growth potential is just what your portfolio needs, take a look at this.
You have the option to leave both duplexes on 1 title or to strata title them (subject to Council approval). They also meet the SMSF requirement of a single contract.
These units have always been in high demand from tenants and that is set to continue with the population of this region forecast to more than double in the next 16 years, bringing an additional 75,000 jobs to the area. An additional 120,000 jobs are expected to be created within travelling distance to this location.
There is currently $Billions in infrastructure spending planned for this city. As a result this region is projected by property experts to see strong capital growth over the coming years.
The total land size is 800 m2 and the total building area is 374 m2. The units have a symmetrical floor plan, with each unit having;
3 Bedrooms, master with air conditioning, walk in robe and en suite.
A second bathroom with bathtub.
Single lock up garage plus parking bay.
Split system air conditioning in living areas.
Ceiling fans to all bedrooms and living areas.
Stainless steel oven, range hood & dishwasher plus ceramic cooktop.
Good sized back yards.
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 a 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.