7 Paddington Street, Bellmere QLD 4510

Welcome to 7 Paddington Street, Bellmere…

If you’re looking for a healthy set & forget addition to your residential investment portfolio then this dual key property is absolutely perfect for you, already having reliable long term tenants in place & offering a strong future return on your investment of approx. 6.14% gross per annum (after the next lease renewal)..!

This large duplex totals 7 bedrooms, 5 bathrooms & 3 car garage consisting of a highset 4 bedroom, 3 bathroom with a double lock up garage on the left and a low set 3 bedroom, 2 bathroom with a single lock up garage on the right. Be sure to view our floor plan for a clear understanding of the size & unique layout of this property.

Starting downstairs of the highset known as “7A” features include;
> Double remote Lock up garage
> Security screens on the ground floor
> Open plan kitchen overlooks combined lounge & dining with air conditioning
> Kitchen features Westinghouse appliances including; dishwasher, oven & cooktop
> Storage cupboard under stairs & ample linen space
> Separate laundry with sink & additional toilet
> Private outdoor patio area

Heading up the internal staircase to the living quarters are 4 double bedrooms, all with built in robes & ceiling fans. Two of the bedrooms are master bedrooms with both featuring their own ensuite with a shower, toilet & vanity in each.

Completing the upper level is a built-in study nook & another main bathroom with a shower over the bath, with a toilet & vanity.

Heading next door to the lowset also known as “7B” features include;

> Open plan kitchen overlooks air conditioned dining and lounge with access to the patio
> Kitchen features Westinghouse appliances including dishwasher, oven and chef cook top, ample cupboard space
> Master bedroom with a walk in robe & ensuite with shower, vanity & toilet
> 2 other bedrooms both with a built in robe & ceiling fan
> Single remote lock up garage houses the laundry
> Main bathroom with shower over bath, toilet and vanity
> Security screens throughout
> Private Outdoor patio area

Investors will be happy to know that the highset (7A) is currently tenanted with long term in place currently paying $390.00 rent per week (soon to be increased to $450.00 rent per week). The lowset (7B) is also currently tenanted long term & currently paying $360.00 rent per week (soon to be increased to $400.00 rent per week).

There are NO additional body corporate fees or shared insurances as such for this property.

Centrally located in Bellmere & within easy walking distance to the 7/11, Quality Bellmere Butcher & Bakery, Friendly Grocer, Liquorland & other specialty stores. A further 10 minute drive into Morayfield or Caboolture and you can access the more major amenities like Morayfield Shopping Centre, the Medical HUB or the Morayfield/Caboolture train stations.

Dual income properties like this are a rare opportunity in this growing investment market, so be sure to contact Scott Lachmund direct if you would like more information or would like to view this property via private appointment.