Rock Solid Investment – Duplex in Handy Central Location (Listing ID:242)
Address: 24 LANCASTER STREET
Post Code: 4814
Year Built: 1980
Garage Size: 2
Land size (m2): 810
Full Description: SOLD $324,500
MORE MULTI TENANTED INVESTMENTS WANTED
This solid masonry block duplex built on a larger than average 810m2 block is in a handy central location a short drive from the CBD and Strand and close to all amenities. Lancaster Street is one of Garbutt's quieter neighbourhoods known for its delightful park only 120 metres away from the property.
The duplex has been recently strata titled to create two separate units (no body corporate manager/fees necessary) on common property which offers the new owner scope to sell each unit individually in the future. With a current rental return of $500 per week any astute investor should seriously consider adding this property to their portfolio. For owner occupiers looking for a passive income stream this is an ideal opportunity to reside in one unit while collecting the rent from the other once the current leases become due for renewal. Some of the properties main features include:
- 810m2 block in a quiet street close to all amenities
- parkland nearby
- Strata titled
- Both units returning $250 per week each on 12 month leases
- each unit has its own spacious back yard
- solid masonry block construction with near new colorbond roof
- fully airconditioned (split systems)
- each unit has 2 double bedrooms with built in wardrobes
- spacious open plan living areas
- original kitchens and bathrooms in good condition
- separate w.c.
- internal laundry facilities
- under roof car accommodation
- security screens and doors
- NBN ready
- affordable rates and insurance
- potential to add value
With demand for realistically priced multi tenanted investments increasing, this property is sure to be snapped up quickly so we recommend you call us sooner rather than later to arrange a viewing.
Another quality Exclusive listing proudly offered for sale by Simon Wright NQ Realty.