Offers Over $1,850,000
PRIVATE VIEWINGS AVAILABLE by request. Call Jess Whaites on 0423398849
Video walk throughs also available upon request.
Discover a remarkable investment opportunity in a prime city fringe location, boasting potential annual income exceeding $118,000 and an impressive yield of 6.4%. This property comprises four distinct units, each designed for comfort and functionality, making it an attractive option for both investors and tenants alike.
Property Details
Units 1 and 2:
Nestled at the rear of the block, this contemporary duplex was constructed in 2022 with each unit featuring:
2 Bedrooms: HUGE in under roof space and well-lit, offering ample storage and living options
1 Bathroom: Modern and stylish, catering to the needs of tenants.
Automatic Garage: Convenient parking with added security.
Expansive Living Space: Open-plan design leading to a private courtyard, ideal for outdoor relaxation and entertainment.
Units 3 (Lower Level) and Unit 4 (Upper Level):
The original home at the front of the property has been meticulously renovated and been split into TWO SELF CONTAINED levels offering a blend of classic charm and modern amenities. Each unit enjoys:
3 Bedrooms: Generous in size, perfect for families or shared living.
1 Bathroom: Brand new and freshly built in 2021 (Unit 3) Elegantly renovated in 2021 (Unit 4)
Large Living Area: Ideal for gatherings and daily living.
Kitchen: Equipped with modern appliances and ample storage.
Unit 4: Wrap-Around Rear Deck: Perfect for enjoying the outdoors.
Unit 3: Massive front yard providing extra outdoor space for recreation or gardening.
Investment Highlights
Strong Rental Demand: The property's prime location and modern features attract high-quality tenants, ensuring consistent rental income.
Self-Contained Units: Each unit offers private amenities, including garages, enhancing tenant appeal and satisfaction.
Modern Duplex to rear: Built 2022, minimal to no maintenance.
Recent Renovations: Unit 4 has been fully renovated, minimizing immediate maintenance costs and maximizing rental potential.
Brand New Build: Unit 3 was a like new build in 2022
GATED complex via remote access
NO BODY CORPORATE APPLICABLE. Ready for Strata Titling if the purchaser wishes.
This city fringe property is a fantastic investment opportunity, combining modern living spaces with high rental yield potential. With over $118,000 in possible annual income and a desirable location, this property is poised for exceptional growth. Don't miss the chance to add this lucrative asset to your portfolio!
Information:
Townsville City Council Rates: $6,600 approx per half year
Rental appraisal approx. $118,000 per year - potential gross yield 6.4%
(Units 1 & 2 $510-$550/week appraisal. Currently rented on periodic leases at $400/week)
(Units 3 & 4 $550-$590 per week, currently owner occupied and will be sold vacant)
Insurance details available upon request
All information (including but not limited to the property area, floor size, price, address and general property description) on online advertising is provided as a convenience to you, and has been provided to Whaites + Co by third parties
463 Nepean Highway, Frankston VIC 3199
1300 438 439
JESS WHAITES
0423398849
