This dual key property, built in 2019, presents a fantastic investment opportunity with great long-term tenants and promising returns. Here's a detailed overview of the features and benefits of this investment:
Property Overview
Lot Size: 506 m² WITH 13.1 m2 frontage
Dual Units: Two fully self-contained units with separate entrances, utilities, and amenities.
Unit 1: 3 bedrooms, 2 bathrooms, 1 car garage.
Unit 2: 2 bedrooms, 1 bathroom, 1 car garage.
Unit 1 Features:
Living Area: Open-plan living, dining, and kitchen flowing to the outdoor patio.
Kitchen: Stylish with stone benchtops and ample storage.
Bedrooms: 3 spacious carpeted bedrooms with built-in wardrobes and ceiling fans; master with ensuite and walk-in wardrobe.
Climate Control: Air conditioning in both the living area and master bedroom.
Garage: Remote-controlled single garage with internal access and integrated laundry.
Outdoor: Secure backyard, fully fenced.
Lighting: Modern LED lights throughout.
Rental Income: Currently $500 per week, leased until 17/04/2025. Potential to increase to $540 per week.
Unit 2 Features:
Living Area: Open-plan living, dining, and kitchen with access to a patio.
Kitchen: Modern kitchen with plenty of storage.
Bedrooms: 2 bedrooms, both with built-in wardrobes.
Climate Control: Air conditioning in the living area and master bedroom.
Garage: Single lock-up garage with with internal access and integrated laundry.
Outdoor: Secure, fully fenced backyard.
Lighting: LED lights and ceiling fans throughout.
Rental Income: Currently $420 per week, leased until 06/07/2025. Potential to increase to $480 per week.
Financial Summary:
Current Combined Rental Income: $920 per week.
Potential Future Rental Income: $1,045 per week.
Council Rates: Single council rate for both units.
No Body Corporate Fees.
Location & Growth Potential:
Prime Location: Close to major motorways, with easy access to Brisbane CBD, Sunshine Coast, and Gold Coast.
Amenities: Nearby Park Ridge Town Centre includes major supermarkets like Coles and Woolworths.
Fast-Growing Suburb: Located in Park Ridge, a highly sought-after and rapidly developing suburb.
Additional Features:
Outdoor Areas: Fully landscaped gardens, with exposed aggregate concrete driveway.
Cooling: Split system air conditioning in main living areas.
Utilities: Separate electric meters and letterboxes for each unit.
This property stands out as an ideal investment due to its modern build, dual rental income streams, and excellent growth potential in a booming area. The combination of long-term tenants and no body corporate fees enhances its appeal, ensuring a stable and lucrative return for the future.
Disclaimer:
We have made every effort to ensure the accuracy of this information but disclaim any liability for any errors or misstatements. Prospective purchasers should verify the information themselves.
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