Where do we start with the brilliant Number 31 Lavelle Street in Nerang?!
More often than not homes tick the boxes for one or two types of buyers. Here however it's hard to guess who may end up being the next lucky owner?! An Investor, a family looking for dual living, a property developer, a young couple with complete separation between upstairs and downstairs allowing the option to part rent out or AirBNB, or someone wanting to subdivide the large block like neighbours have done...
What we do know is that you will find a solid, two level home with proper current dual living (upstairs and downstairs), two full size and fully featured kitchens, two bathrooms that have been modernised recently. Also loads of parking on the block, easy and wide side access, plenty of land, ready to build on slab at the back of the block (for a carport, granny flat, home office, modular home?) or just use it for 3 cars as currently purposed.
If you appreciate a nod to the classic era you'll love the ceiling medallions and cornice decorations mixed in effortlessly with the modern upstairs kitchen and living/dining areas with the warmth of dark polished timber floorboards. For entertainers the living flows out a sliding door into a fully covered, massive timber deck that wraps around the front of the house - adding to the unique street appeal. Plenty of room for friends and family to celebrate your new home with no concern about the weather forecast.
Currently tenanted on a periodic lease with a sensational rental yield of $700 per week. Tenants have advised they would be more than happy to stay on and sign a fixed term lease if purchased by an investor.
Whatever your intention when buying this property you'll be securing future re-sale value with the possibilities this block offers.
Owner Occupiers:
- Dual Living for the extended family or rent out fully self-contained downstairs
- Parking spots for 5 cars easily (2 undercover)
- Huge wrap around timber deck with outdoor fan and downlights
- Timber floorboards throughout top floor
- Tiled downstairs
- Feature wall in lounge
- Build a granny flat, home office, second dwelling, subdivide the block (STCA)
- The tenant is on periodic lease so easy to buy as vacant possession
- Zoning of this block is your future proofing to continued capital growth and excellent re-sale value
- Quiet street with immediate access to M1
- Wide, side access to the back of block
- Plenty of room to build a massive man cave/shed on a concrete slab already in position still leaving plenty of room for a pool
- Walking distance to shops, restaurants and takeaway, grocery stores, Nerang Aquatic centre, Lavelle Street Sunday Market, banks, library, Nerang Cineplex, Gus Braun or Bishof Pioneer Park and Clear Island Lake.
Investors:
- FANTASTIC investment yield with current tenants on a SINGLE lease paying $700 per week
- Tenants have advised they are very happy to stay on and sign a fixed term lease
Property Developers:
- 809m2 block
- RD5 zoning
- Medium Density
- Lot 3 on RP 136309
- Excellent rental yield from tenants on periodic lease at $700 per week whilst completing relevant council approvals
- Immediate access to M1
PROPERTY FEATURES:
- 5 bedrooms (3 upstairs, 2 downstairs)
- 2 full size modern kitchens (upstairs and downstairs)
- 2 renovated bathrooms
- Undercover parking for 2 cars (tandem) additional concrete slab space for 3 car parking
- Air conditioning
- Wide side access
- Massive 809m2 block
- Huge wrap around timber deck with outdoor fans and ceiling downlights
- Decorative cornice and ceiling pieces
- Timber floorboards throughout top floor
- Tiled downstairs
- Electric hot water, oven, stove top and rangehood
- Lovely street appeal with a picket fence
- Upstairs and downstairs outdoor entertaining areas
- Established gardens
- Colourbond fence
We urge all interested parties - don’t delay locking in the inspection time!
Disclaimer:
In preparing this information we have used our best endeavours to ensure the information contained herein is true and accurate, but we accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.
(N.B. Pictures used for advertising are prior to current tenant)
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