1&2/8 Castieau Street, Higgins ACT 2615

Suiting the astute buyer or smart investor, this dual-income property has been a long-term cash-flow producing asset and is ripe for improvement by its new owner to maximise ongoing returns.

Needing some TLC but maintaining a consistently high occupancy rate, this duplex incorporates two separate residences on one title, with a two-bedroom fully self-contained residence on one side, adjoining a one-bedroom fully-self contained residence on the other.

Positioned on 732sqm of prime Higgins land, with easy access to arterial roads and local shops, this is a rare opportunity not to be missed!

* Duplex-style property, two residences on one title
* Overall internal size 129.9sqm
* Block size 732 sqm
* Overall three bedrooms, two bathrooms, two kitchens, two laundries
* Corner block
* Sturdy brick home in mostly original condition
* Shared backyard
* Split-System heating & cooling
* Year built 1971
* General Rates = $2,688.98 per year
* Land Tax = $3,786.00 per year

Current Income
Unit 1: Currently rented at $315 per week on a month-to-month basis
Unit 2: Currently rented at $350 per week on a month-to-month basis