EXCEPTIONAL ADDITION TO INVESTMENT PORTFOLIO OR INVESTMENT STARTER. POSITION - POSITIONS - POSITION
This 2 bedroom duplex has just come onto the market. It is positioned to please within walking distance to CBD, hospitals, doctors, shops and much more. Both units are basic, but neat and tidy. One has a single lock up garage and the other, an enclosed carport (only needs a roller door).
Units are set on 809SQM 'Res B' block. This block lends itself to another 1 or maybe 2 units (confirmation from council). We estimate a return of approx. 6.9% with the units having received a CMA (current market appraisal) of $400 - $420 p.w. Both units are vacant. With tenants knocking down the doors to find suitable accommodation (especially at this price), this stands out as one of the best buys on the market today.
