Buy 1 get 2 - Units 1 & 2 Clarks Road can both be yours. 2 income producing properties on 1 title and only 1 set of rates at a return level of 6.1% pa*, way above the median rental return of 4.6% pa - This is akin to buying a commercial property and receiving commercial returns but not bearing the high risk of commercial properties, how good is this? Units 1 and 2 are separately rented at the moment to great tenants, offering investors great scope for maximum rental return. Unit 1 - 3 beds, 2.5 baths, 1 garage + 1 open car space for $375 per week till 16 Aug 2021; Unit 2 - Studio Apartment 1 bed, 1 bath, 1 garage + 1 open car space for $315 per week till 22 Feb 2021 with the view that the tenants have already expressed interest to renew their lease for a further few months. This stunning dual occupancy home is only 1 year new which means you, the astute investor, will be able to relish the maximum depreciation schedule and tax benefits straightaway! Location for this property is highly enviable and hence rentability and vacancy rate will be low: Great quiet location with easy access to parks, bus stop and the Pacific Motorway and a short drive to schools and the Hyperdome Shopping Centre.
Property Features include:
(Unit 1) Main Residence - Rented for $375 pw
+ 3 spacious bedrooms, master suite with walk-in robe and stone benchtop ensuite; and the other 2 with built in wardrobes
+ Large kitchen with Caesarstone island benchtops, quality European appliances with plenty of storage and cabinetry
+ Additional modern bathroom upstairs plus powder room downstairs
+ Large open planned living and dining space
+ 2 x Split system air conditioning and fans throughout
+ Single automatic locked up garage plus 1 open car space in front of the garage
(Unit 2) 1 Bedroom Auxiliary Unit - Rented for $315 pw
+ Studio apartment style living
+ 1 spacious bedrooms with built in wardrobes
+ Modern bathroom with stone benchtops
+ Open planned living and dining
+ Spacious kitchen with Caesarstone island benchtops, quality European appliances with more than enough storage and bench space
+ Single automatic locked up garage plus 1 open car space in front of the garage
The design uses excellent finishes including eminent floor tiles, Caesarstone benchtops, 2-pak cabinets and plush carpets to enhance the finishing. Clever planning means that you'll be cool and comfortable year-round with full insulation, air conditioning and ceiling fans installed. It also has the added bonus of low maintenance gardens, concreted driveways and energy efficient lighting to save you money and time.
This brilliant property has also been recognised by the Centre of Liveability (endorsed by the CSIRO) to have features that make it healthy, comfortable, efficient and connected to the community and offer the opportunity to reduce running costs significantly if utilised currently by the occupant.
If you're searching for a high yielding financial instrument, returning better bang for your buck than the bank's term deposit, less risk than the stock market and stability like that of a blue chip investment, then this low maintenance, easy to look after dream investment is for you! Look forward to see you at our open homes or call today to arrange your private inspection.
* Rental Yield of 6.1% calculated based on the total current rental return of $690 per week over 1 year (52 weeks) and purchase price of $588,000
Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
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