1&2/10 Iluka Street, Cannonvale QLD 4802

Two Houses, Two Incomes, One Exceptional Opportunity! An outstanding opportunity to expand your property or superannuation portfolio has emerged in the heart of Cannonvale. With the increasing demand for low-cost duplex properties, this offering, comprising two stand-alone residential houses, is a rare gem you don't want to miss.

Ideal for savvy investors, this property currently generates a solid gross income of approximately $940 per week ($48,880 per annum), you can simply sit back and watch your investment grow.

Alternatively, if you're seeking a place to call home, you have the option to occupy one of the houses while continuing to rent out the other for a steady income stream-the choice is yours!

One of the standout features of this property is the total control you have over the buildings. With NO BODY CORPORATE fees and just a single council rates bill covering both dwellings, this is undoubtedly one of the most attractive investment opportunities available.

Both A-frame style houses boast a practical layout, with two bedrooms on the ground floor and a versatile mezzanine level that can serve as a third bedroom or multi-purpose space. Each home is equipped with a spacious kitchen, main bathroom, and a laundry area.

The properties are fully air-conditioned and include one undercover car park per house, along with ample additional parking on the block. Each house features its own grass yard/garden, all set on a generous 891 sqm block in close proximity to local shopping centres, schools, and the Cannonvale Beach Precinct.

Currently leased to tenants under fixed-term agreements and professionally managed by Ray White Whitsunday, these homes offer a unique buying opportunity that will appeal to both investors and owner-occupiers.

For more information or to schedule a viewing, please contact the marketing agent, Adam Webster from Ray White, at 0401 235 534.