18 Ewing Street, Zillmere QLD 4034

Two incomes are better than one!This low set brick duplex featuring 2 x 2 bed, 1 bath, 1 car is situated in the growth corridor of Zillmere, just 7 mins drive from Chermside Westfield Shopping Centre.Demographer, Bernard Salt of KPMG projects Zillmere and surrounding suburbs to be the next big thing over the coming decade (see Courier Mail article link below...)Each Unit Features- 2 bedrooms- 1 bathroom- 1 carport each + a second car park available behind fence- Large rumpus room in each (or close it off to make it a 3rd bedroom?)- Dining Area + Lounge room- Large built-in wardrobes in both bedrooms- Large outdoor undercover entertaining Area- One unit has a pool (with a long-term tenant since 2010) paying $380 p/wk- The other unit has a backyard garden shed- Single level, brick construction- Low maintenance backyard- Fully fenced front, back and sides- Air conditioning and ceiling fansThe property is approximately 30+ yrs old with many updates having been made to the property such as near new kitchen, commercial-grade carpet throughout both units, new oven in one unit, new curtains in one unit etc.This dual income property presents several possible options for the savvy investor or developer1)Strata TitleThe duplex is currently on one title. There may be an option to strata-title the property into two separate properties to increase value and give you the option to possibly sell one unit and keep the other or hold both for the long term.Strata-titling allows you to manufacture equity in the property, get the property revalued and refinanced and pull out your original capital invested, leaving none of your own money in the property, creating infinity return on investment.2)DA (Development Approval) and SellThe zoning of this property allows for multi-unit dwellings to be built.Weve already spoken to an architect whos said somewhere between 8-15 units could be possible. An initial meeting with Council would be a quick way to feel them out on what number of units could be squeezed onto the site.3)DevelopProfit from this opportunity by developing the property and selling or holding the units long term.Or for savvy investors, turn the existing two incomes into a 'one property retirement fund' by holding all (8,10,12+) units for the long term and enjoying multiple incomes!Here's What's Nearby...-10 mins to Brisbane Airport-7 mins to Westfield Chermside Shopping Centre-2 mins to Taigum Shopping Centre-3km to train station-100m to bus stop-20 min drive to Brisbane CBD-1hr drive to the Sunshine Coast-15 min drive to ocean front walking tracks in Brighton, perfect for sunset walks!-3km from local schools and other amenities-Several 24hr gyms nearby-Several parks and sporting grounds nearbyHere are some Growth Statistics for Zillmere... (copy and paste these links into another browser window)- RealEstate.com.au - https://www.realestate.com.au/invest/house-in-zillmere,+qld+4034- Courier Mail - http://www.couriermail.com.au/news/queensland/brisbanes-middlering-suburbs-the-next-big-thing-in-real-estate/news-story/9849e74c22001e3461091d8805ee6195No open homes are scheduled please contact us to arrange an inspection :)