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Offmarket

Positive Cash Flow Duplex Pair With Strata Potential

Property ID: 14283475
Purchase Price $459k
Rental Income $580 per week
Gross Yield 6.57%

Rarely available fully detached duplex pair in Queensland. Each unit has its own water and power connection so they have the potential to be strata titled (subject to council approval). Circumstances mean property must be sold!

The population of this region is forecast to more than double in the next 16 years, bringing an additional 76,000 jobs to the area. There is currently $Billions in infrastructure spending planned for this city.

Potential for equity upon completion of strata titling, recent comparable sales of detached houses between $238K - $255K.

THE LOCATION

Walking distance to Public Transport, High School and University.
3.5 km to CBD.
11 schools (public & private) within 5 km.
3 km to hospital.
3.5 km to train station.
4 km to shopping centre with Aldi, Coles, Kmart, Target and Woolworths and over 150 specialty stores.
Quick access to motorway.

THE PROPERTY
Each duplex has 3 bedrooms, 1 bathroom and a remote single lock up garage.
Corner block.
Air-conditioning in living areas.
Robe to all bedrooms.
Large block of 942m2.

The purchase price of $459K has been negotiated directly with the vendor to achieve a substantially reduced price and represents the vendor's lowest price.

Call Yujin Yeoh on 0479 191 815 for further details.

Matthew Barnes

Enquire Now

Land Area: 942m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Positive Cash Flow

Gross Yield: 6.57%

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Matthew Barnes

Enquire Now

Land Area: 942m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Positive Cash Flow

Gross Yield: 6.57%