Rare Duplex and Sub-Division Investment Opportunity!
Secure this fantastic yield-based investment with both hands, with a fantastic stable return. With long term stable tenants in both townhouses there is nothing to do but collect the income. These duplex townhomes are only 14 years old, built in 2010 on a single title to keep outgoings low, they make a this an opportunity not to be missed.
Situated on a large 910m2 block with a 20m frontage the value of the land of this property is already a great purchase opportunity with sub-division potential (STCA).
Both townhouses have been built to a very high standard, there are no renovations or immediate improvements required. Both properties have recently had air conditioning installed so there is also potential for a stronger rental return in future.
Features include: 2 fully separate 3 bed, 2.5 bath, 2 car townhouses Modern well-appointed kitchens Downstairs master bedrooms with ensuite and walk-in Spacious open plan living Stunning timber to stairs and upper flooring Alfresco area and private backyards 910m2 block with 20m frontage $53,820 rental income per annum
Income: 15A - $530pw until 01/07/2024 (long term stable tenant of 3+ years) 15B - $505pw until 06/12/2024 (long term stable tenant of 7+ years) Total - $53,820pa
Outgoings: Logan Council Rates - $4,171pa Logan Council Water and Sewerage Access Charges - $2,089pa Water Usage Charges - $1,200pa approx (indivually metered, water usage can be charged to tenants) Total - $6,260
Situated in a family friendly pocket, located just 400m from Springwood State School and just 500m from Springwood Mall and Arndale Shopping Centre.
*All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.