40 Mount Mitchell Street, Park Ridge QLD 4125

Welcome to 40 Mount Mitchell Street, Park Ridge, QLD - an outstanding investment opportunity in a prime location. This luxury dual key property is already generating significant returns with long-term tenants in place. Situated in a rapidly developing suburb, this property offers exceptional potential for further capital growth and increased rental yields.

Property Overview

This dual key property consists of two units:

Unit 1:

3 bedrooms
2 bathrooms
1 car garage

Unit 2:

2 bedrooms
1 bathroom
1 car garage


Unit 1 Features:

Living Area: Spacious open-plan living, dining, and kitchen area extending to a patio.
Kitchen: Modern design with stone bench tops and ample storage.
Bedrooms: Three generous bedrooms, including a master bedroom with ensuite and large wardrobe. Bedrooms 1 and 2 are located at the front, providing privacy for the master bedroom at the back.
Flooring: Hybrid floors throughout the house, with built-in wardrobes and ceiling fans in the bedrooms.
Climate Control: Air conditioning in the living area and master bedroom.
Garage: Single lock-up remote garage with internal access and laundry facilities.
Outdoor: Fully fenced and secure backyard.
Lighting: LED lights throughout.
Rental Income: Currently $470 per week, lease until 05/03/2025. Potential rental income is $550 per week.


Unit 2 Features:

Living Area: Open-plan living, dining, and kitchen area opening to a porch.
Kitchen: Modern with ample storage.
Bedrooms: Two bedrooms with built-in wardrobes.
Flooring: Hybrid floors throughout the house.
Climate Control: Air conditioning in the living area and master bedroom.
Garage: Single lock-up remote garage with internal access and laundry facilities.
Outdoor: Fully fenced and secure backyard.
Lighting: LED lights and ceiling fans throughout.
Rental Income: Currently $390 per week, lease until 06/09/2024. Potential rental income is $450 per week.


Financial Highlights:

Current Combined Rent: $860 per week
Potential Future Rent: $1,000 per week
Council Rates: One council rate for the property
No Body Corporate Fees


Location Benefits:

Access: Easy access to major motorways to Brisbane CBD, Sunshine Coast, and Gold Coast.
Amenities: Close to Park Ridge Town Centre with Coles, Woolworths, and Homestead Markets.
Growth: Located in the fast-growing suburb of Park Ridge.


Additional Features:

Security: Security screens on windows.
Outdoor Areas: Fully fenced and landscaped gardens.
Cooling: Split system air conditioning in main living areas.
Kitchen: Overhead cupboards and stone bench tops.
Utilities: Separate electric meters and letterboxes for each residence.
Driveway: Exposed aggregate concrete driveway.


Contact Information:

For more detailed information, including rental and lease details, please contact us now. This property represents a unique opportunity to secure a high-return investment in a prime location. Don’t miss out!

Disclaimer:
We have endeavored to provide accurate and reliable information, but we disclaim any liability for any errors, inaccuracies, or misstatements. Prospective purchasers should make their own inquiries to verify the information.