$750,000

6 Bed • 4 Bath • 4 Car • 718m²

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Main view of Homely semiDetached listing, 26 Channel Street, Bushland Beach QLD 4818

Second view of Homely semiDetached listing, 26 Channel Street, Bushland Beach QLD 4818

Third view of Homely semiDetached listing, 26 Channel Street, Bushland Beach QLD 4818

26 Channel Street, Bushland Beach QLD 4818

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$750,000

6Bed
4Bath
4 Car
718m²

Semi-detached for sale32 days on Homely

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Suburb median listed price: the middle value of listed prices for all listings currently for sale in that same suburb

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What's around Channel Street

Semi-detached description

“INVESTORS TAKE NOTE – 6.24% GROSS RETURN!!”

This eight year old duplex is well located in an elevated part of Bushland Beach surrounded by other desirable properties. The whole property is on one title so there is no body corporate fees. Each unit is three bed, two bath, double garage with a back deck and small back yard for kids or dogs to play.

Each unit is currently rented at $450/week giving a total annual rental income of $46,800 at a gross rental yield of 6.24%. Annual rates and insurance costs for the whole complex is $9566 leaving a net income of $37,234 after rates & insurance for a net rental yield of 4.96%.
In comparison freestanding houses in Bushland Beach are only yielding a gross rental yield of approx. 5.20% with a net rental yield after rates and insurance of approx. 4.00%.

Each unit is a mirror image of each other in terms of floor plan so the photos included are only of one of the units. A full walk through video of each unit is available on request from the agent.

This duplex on one title is an outstanding opportunity for the experienced investor seeking a higher than average return in the ever popular suburb of Bushland Beach.

Call the agent now on 0423 692 422 to discuss further.