85A Powell Street, Bowen QLD 4805

Rarely do you find a DUPLEX pair in the Bowen market, and you will NEVER find them where they have gone through a full renovation. This DUPLEX pair offers two unique units on one block. The front unit offers two bedrooms, and one bathroom, and the rear unit offers a very unique four-bedroom, one-bathroom configuration. This complex is on one title and offers a revenue stream of $880 per week for the pair. This is a $45,760 annual return. The return on investment here is very appealing. This property offers you a very low-maintenance investment opportunity where the returns will take care of the complex for you. Bowen has a very high rental demand and very low vacancy rates, you can be assured of easy passive income from this property. Over the last couple of years, the Seller has completely transformed the complex with a beautiful renovation. Both of the units now feature new bathrooms and new kitchens with new appliances, all new flooring throughout, fresh paintwork inside and out, new decorative cladding features on the exterior, garden re-design, fencing, and updates to electrical and plumbing where required. Both units are fully air-conditioned and each has its own private fenced yards and lawn lockers as well as onsite parking with each unit. The rear unit has a huge fully fenced yard ideal for tenants with pets and kids.

THE FIGURES:
Rates: $6,007 per annum
Insurance: $3,200 per annum
RENTAL INCOME -
Unit One: $395 per week with a lease expiring 15/09/2025
Unit Two: $485 per week with a lease expiring 24/10/2025

From this address, you are just steps away from Bowen's CBD, beaches and parks. This is an extremely rare opportunity and will be highly desirable amongst investors. Don't delay your enquiries, this property will be snapped up fast.