20 Katoora Street, Innisfail Estate QLD 4860

This duplex comprises two two-bedroom villas, separated by two enclosed carports that provide internal access to the main living areas.

Sitting on an 800 sqm block of level land, the property is fully leased, generating $29,380 per annum, or $565 per week. The leases are rock solid, with one running through until June next year and the other until December next year. You would imagine that the rents will be able to be increased significantly at that time. Our office runs at less than 1% vacancy.

The front duplex has had some renovations with a tiled floor and a kitchen upgrade. The backsplash needs finishing, but other than that, it is pretty good. The rear villa has the original vinyl and kitchen, but the stove has been replaced. Both villas have their own private backyard and plenty of space at the front, side and rear of the building. I can see a couple of gutters that need replacing, but other than that it looks pretty good.

Won't last.

Contact Michael Skuse