Welcome to 40 Mount Mitchell Street, Park Ridge, QLD – an outstanding investment opportunity in a prime location. This luxury dual key property is already generating significant returns with long-term tenants in place. Situated in a rapidly developing suburb, this property offers exceptional potential for further capital growth and increased rental yields.
Property Overview
This dual key property consists of two units:
3 bedrooms 2 bathrooms 1 car garage
2 bedrooms 1 bathroom 1 car garage
Unit 1 Features:
Living Area: Spacious open-plan living, dining, and kitchen area extending to a patio. Kitchen: Modern design with stone bench tops and ample storage. Bedrooms: Three generous bedrooms, including a master bedroom with ensuite and large wardrobe. Bedrooms 1 and 2 are located at the front, providing privacy for the master bedroom at the back. Flooring: Hybrid floors throughout the house, with built-in wardrobes and ceiling fans in the bedrooms. Climate Control: Air conditioning in the living area and master bedroom. Garage: Single lock-up remote garage with internal access and laundry facilities. Outdoor: Fully fenced and secure backyard. Lighting: LED lights throughout. Rental Income: Currently $470 per week, lease until 05/03/2025. Potential rental income is $550 per week.
Unit 2 Features:
Living Area: Open-plan living, dining, and kitchen area opening to a porch. Kitchen: Modern with ample storage. Bedrooms: Two bedrooms with built-in wardrobes. Flooring: Hybrid floors throughout the house. Climate Control: Air conditioning in the living area and master bedroom. Garage: Single lock-up remote garage with internal access and laundry facilities. Outdoor: Fully fenced and secure backyard. Lighting: LED lights and ceiling fans throughout. Rental Income: Currently $390 per week, lease until 06/09/2024. Potential rental income is $450 per week.
Financial Highlights:
Current Combined Rent: $860 per week Potential Future Rent: $1,000 per week Council Rates: One council rate for the property No Body Corporate Fees
Location Benefits:
Access: Easy access to major motorways to Brisbane CBD, Sunshine Coast, and Gold Coast. Amenities: Close to Park Ridge Town Centre with Coles, Woolworths, and Homestead Markets. Growth: Located in the fast-growing suburb of Park Ridge.
Additional Features:
Security: Security screens on windows. Outdoor Areas: Fully fenced and landscaped gardens. Cooling: Split system air conditioning in main living areas. Kitchen: Overhead cupboards and stone bench tops. Utilities: Separate electric meters and letterboxes for each residence. Driveway: Exposed aggregate concrete driveway.
Contact Information:
For more detailed information, including rental and lease details, please contact us now. This property represents a unique opportunity to secure a high-return investment in a prime location. Don’t miss out!
