Unlock a dual-income opportunity with this exceptional property featuring two homes on one lot, generating a combined rental income of $1,075 per week. The main house boasts a bright, spacious upstairs living area with air conditioning, downlights, and a modern design. It includes three bedrooms (one air-conditioned), a stylish kitchen, a dining area with a ceiling fan, and a sleek bathroom. Downstairs offers a separate living/dining space, two flexible rooms (one with double built-ins), a kitchenette, and an additional bathroom with laundry. Enjoy outdoor living with a timber-floored patio upstairs and a covered concreted area below.
Adding even more value is the self-contained granny flat at 16a Gilia St, complete with two bedrooms, built-in wardrobes, and an open-plan living/dining area with air conditioning. A full kitchen, private bathroom with laundry, covered patio, and carport make it the perfect standalone space. Situated in a prime Kingston location near schools, shops, and transport, and with tenants secured until 2025, this property is a stress-free investment or ideal for multigenerational living. Don't miss your chance to secure this rare opportunity!
Property Features:
Main House - 16 Gilia St
Upstairs:
Living area with air conditioning and modern downlights throughout.
Well-equipped kitchen with electric cooktop, ample storage, and adjoining dining area with ceiling fan.
Three spacious bedrooms, each with built-in wardrobes and ceiling fans; one with air conditioning.
Stylish bathroom featuring tiled floors and a large shower cubicle.
Covered patio with timber flooring, perfect for outdoor entertaining.
Downstairs:
Open-plan living/dining area with additional storage.
Two versatile rooms, one with double built-ins.
Functional kitchenette with storage space.
Second bathroom with shower and integrated laundry.
Covered, concreted outdoor area.
Granny Flat - 16a Gilia St
Open-plan living and dining area with air conditioning.
Modern kitchen featuring an electric cooktop and oven.
Two generously sized bedrooms with built-in wardrobes and ceiling fans.
Contemporary bathroom with shower, w/c, and laundry.
Covered patio with timber flooring and private carport.
Useful information:
Video walk-through is available upon request
Logan City Council rate: approximately $1,500 per quarter
Ensure to attend the open home to avoid disappointments
Current tenants paying:
16 Gilia St: $650 per week (lease until October 2025)
16a Gilia St: $425 per week (lease until August 2025)
Current market rental appraisal:
16 Gilia St: $650 - $675 per week
16a Gilia St: $425 - $450 per week
Property ID: #L31231752
