Desperate times call for desperate measures. Do not pass this by, all price ranges should inspect! This will be a deal that in 5 years time you will either boast about or regret missing out on. Make sure you are on the right side of the argument!
There is so much potential in this property to further renovate/extend and improve the value, or land hold and enjoy the higher than normal yield from the dual incomes. Currently unit 1 is returning $310 per week and unit 2 was previously renting for $340 per week and is now vacant.
Another potential option would be to redevelop the block to re-build a duplex with more modern design features, and strata the units onto separate titles (STCA) and on-sell as individual properties. If you are struggling to find a splitter block this could be a more affordable option.
Both Duplex's feature:
- 2 Large bedrooms.
- Living room/sun room.
- Eat in kitchen.
- Bathroom with separate toilet.
- Rear semi-detached laundry.
- Rear private yard space.
- Lock up garage with ample storage.
Property Description:
- 2 level Duplex with dual occupancy.
- Primary Land Use: Multi Unit Dwelling (Flats).
- 506sqm block with 21.6m frontage.
- RPD: L1 RP74874 Parish Enoggera.
- Inner Residential Zoning.
- 2.5km from the CBD.
This property is a rare purchase to rival any other property when comparing the value on offer. Call today to arrange an inspection to take advantage of this fantastic opportunity.
