Call Exclusive Marketing Agent Michael Loader direct to ensure you are fully informed on this money making duplex which is smack bang in the heart of town and is priced to sell!
*** ALL OFFERS TO PURCHASE WILL CLOSE 5PM MONDAY 20TH DECEMBER 2021 - PLEASE CONTACT THE AGENT FOR AN OFFER TO PURCHASE FORM IF REQUIRED &/ OR ATTEND THE OPEN HOME THIS SATURDAY 18TH DECEMBER @ 9 - 9:30AM ***
Offering great elderly long term tenants in a super central inner city location, this entry level duplex would make the ideal “”CASH COW”” for one lucky buyer with awesome positive cash flow combined with a massive 1012m2 res B allotment in the heart of town…..
Featuring:
- Spacious 2 x 2 Bedroom units
- Each Unit is well laid out with separate lounge, sleep out & eat in kitchen area
- Single bathroom + separate toilet per unit, , separately metered. lovely polished timber flooring and hardwood T & G interior walls
- Each unit has a lovely front deck area, ideal for the morning cuppa which extends from the over sized sleep out
- Both units are neat and tidy with lovely elderly long term tenants in place whom treat them like their own, the “”PERFECT TENANTS!””
- The units have been upgraded as required over time with a BRAND NEW ROOF in 2016 along with full external paint and interior touch ups
- Large, very spacious & usable design
- Centrally located kitchen equipped with electric appliances
- No immediate work required, some cosmetic TLC could be undertake for the fussy buyer, ability to value add
- High Ceilings, Ceiling fans throughout, sizeable bedrooms including full length sleep out which can be used a study or utility room
- Current NEW Rental appraisal at $260-$280 per week, investors this would be an absolute cash cow with amazing returns of $520+ per week on offer! DO THE MATH…. It makes perfect sense
- Rent review due early 2022 with Current long term tenants in place with lease agreements as follows:
Unit 1 = $200 p/w expiry - 1/3/2022
Unit 2 = $205 p/w expiry - 28/4/21
***Buyers please note market a NEW / CURRENT rental appraisal can be obtained from the agent on request***
- Each unit has a separate shed at the rear for the vehicles or caravan (unit 1 older style shed, unit 2 has newer colour bond shed)
- HUGE 1012m2 (RES B ZONING) allotment meaning each unit has a substantial yard, room to move, garden etc
- Established gardens, peaceful & quiet, Great handy location with bus stop close by and walking distance to a variety of shops/ schools and CBD
- Zoned Residential B, already correctly zoned for future development on the lot if required
- Potential to further add to this great investment down the track (possible subdivision or another duplex at the rear or 4- 6 unit development if the current dwelling was removed stca)
- The property is surrounded by a mixture of properties including commercial, community use, unit blocks etc possibility to rezone in the future to business/commercial if required
- Well cared for, great size internally with the larger floor plan seldom found in a duplex unit
- Ability to value add and further increase yields with any renovations sure to push the rent in excess of $300 p/w per unit ($600 p/w total)
- Fully fenced allotment in the heart town, throw away the car keys this property offers the ability to walk everywhere, with the bus also stopping close by
- 100% FLOOD FREE PROPERTY!
- Owner moving toward retirement, downsizing portfolio, YOU WON'T FIND BETTER!
IF YOU HAVE BEEN SEARCHING FOR A HIGH YIELDING INVESTMENT PROPERTY WITH DUAL INCOME’S THAT WILL BE POSITIVELY GEARED IN A PREMIUM LOCATION…. STOP LOOKING!
PRICED ON THE MONEY THIS ONE WILL GET SOME SERIOUS INTEREST SO BE QUICK…..
***FOR FURTHER INFORMATION, OPEN TIMES & ADDITIONAL PHOTOS VISIT www.loadersproperty.com.au ***
CONTACT EXCLUSIVE MARKETING AGENT MICHAEL LOADER TODAY TO ARRANGE YOUR INSPECTION OR TO SUBMIT YOUR OFFER!
At a Glance:
Bedrooms: 4 Beds (2x2 bedroom duplex)
Living Areas: 2
Bathrooms: 2
Toilets: 2
Garage: Single bay shed x 2
Land Size: 1012m2
Zoning: Residential B
Rates: $2,400 ph (including water)
Insurance: $1500 pa
Rental App: $260-$280+ per unit per week
*Disclaimer: In preparing this document we have used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility in respect to any errors, omissions, inaccuracies, or misstatements contained in this document. Prospective Purchasers should make their own enquiries to verify the information contained in the document*
Property Code: 265
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