RE/MAX Signature is Proud to Present this Stunning Dual Occupancy Investment in the Heart of Park Ridge•
Built in 2019, this modern dual-occupancy property offers an exceptional investment opportunity with reliable, long-term tenants and promising returns. Perfectly positioned in the rapidly growing Park Ridge area, this property presents the ideal balance of contemporary design, solid construction, and strong rental income potential.
Property Overview:
- Lot Size: 421 m² with 13.9 m frontage
- Dual Units: Two fully self-contained units, each with separate entrances, utilities, and amenities.
Unit 1 Features:
- Bedrooms: 4 spacious, carpeted bedrooms with built-in wardrobes and ceiling fans. The master suite features a walk-in wardrobe and ensuite.
- Bathrooms: 2 bathrooms, including the ensuite for the master.
- Living Area: Open-plan living, dining, and kitchen that flow seamlessly onto the outdoor patio.
- Kitchen: Modern kitchen with stylish stone benchtops, ample storage, and quality appliances.
- Climate Control: Air conditioning in both the living area and master bedroom for year-round comfort.
- Garage: Remote-controlled single garage with internal access and an integrated laundry.
- Outdoor: Secure, fully fenced backyard perfect for families and pets.
- Lighting: Modern LED lighting throughout, enhancing the home's contemporary feel.
- Rental Income: Currently leased at $525 per week, with potential for an increase to $580 per week. Lease in place until 30/06/2025.
Unit 2 Features:
- Bedrooms: 2 bedrooms, both with built-in wardrobes and ceiling fans.
- Bathroom: 1 bathroom.
- Living Area: Open-plan living, dining, and kitchen area with access to a private patio.
- Kitchen: Well-appointed kitchen with plenty of storage space and modern finishes.
- Climate Control: Air conditioning in both the living area and master bedroom.
- Outdoor: Secure, fully fenced backyard offering privacy and space.
- Lighting: LED lighting and ceiling fans throughout.
- Rental Income: Currently leased at $400 per week, with potential to increase to $465 per week. Lease in place until 18/08/2025.
Financial Summary:
- Current Combined Rental Income: $925 per week
- Potential Future Rental Income: $1,045 per week
- Council Rates: Single council rate for both units
- No Body Corporate Fees: No additional fees for the investor
Location & Growth Potential:
- Prime Location: Situated with easy access to major motorways, offering a short commute to Brisbane CBD, the Sunshine Coast, and the Gold Coast.
- Local Amenities: Just minutes from Park Ridge Town Centre, featuring major supermarkets like Coles and Woolworths, and a variety of shops and services.
- Fast-Growing Suburb: Park Ridge is a highly sought-after and rapidly developing area, making it a prime location for both investors and tenants.
Additional Features:
- Outdoor Areas: Fully landscaped gardens with an exposed aggregate concrete driveway, adding to the property's street appeal.
- Cooling: Split system air conditioning in main living areas and master bedrooms for added comfort.
- Utilities: Separate electric meters and letterboxes for each unit, ensuring independent management for tenants.
This modern, dual-occupancy property represents an outstanding investment opportunity, with a solid construction, reliable tenants, and strong future rental income potential. With no body corporate fees and stable, long-term leases in place, this property offers both immediate returns and significant growth potential in a rapidly appreciating suburb.
Disclaimer:
While we have made every effort to ensure the accuracy of this information, we disclaim any liability for errors or misstatements. Prospective purchasers should independently verify all details.
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