This well located duplex is only one street back from the beach and backs onto an easement/wildlife corridor making it nice and private for the tenants. Built on a large 804sqm block means both units have a reasonable sized fully fenced yard which would suit tenants with children.
Unit 1 is currently rented till 20/02/23 at $375/week with unit 2 currently rented at $350/week till 08/01/23. Both units are identical and in the current market could probably achieve a combined rental of at least $760/week once the current tenancies expire resulting in a gross rental yield of around 5.25%.
Alternatively it could be used as a house and granny flat type set up for parents in one unit with the kids or grandparents in the other - or live in one unit and rent the other out.
Built in 2014, each unit contains three bedrooms, study nook, two bathrooms, kitchen, open plan living & dining, patio and single lock up garage incorporating a laundry. They are spacious and very livable for either couples or a family with up to two children.
The Bushland Beach market is experiencing consistent growth with approx. 30% price growth over the last three years. Vacancy rates are less than 1% meaning there is an almost instant supply of tenants looking for rentals in Bushland Beach. This property represents an outstanding opportunity to secure a solid return now and could always be strata titled at some time in the future to allow the two sides to be sold off separately.
Call the agent now on 0423 692 422 to discuss further or arrange an inspection.
Property ID: #QKT26939
