Rare Renovated Duplex selling with high rental income in sought-after Sunnybank Hills
Discover the potential of this outstanding high value growth and strong rental yield unique property strategically located in sought-after Sunnybank Hills. Situated in a popular neighbourhood just minutes to public transport, local shopping, convenience and top ranking Sunnybank Hills State School. This parcel of land offers an incredible opportunity for eager house-hunters, developers, investors and owner occupiers alike. Key Features: Land Size: Prized opportunity to secure a highly sought-after 577sqm generous parcel of land with wide frontage and attractive street appeal plus large front and back lawn space with covered entertainment patio Rare offering with currently on-site two dwelling units under one single roof with separate entitles inc. own entrance and amenities on one land title An area being reinvigorated, many of the homes in this immediate neighbourhood have been updated or rebuilt with premium quality modern designs which proves the genuine desire for this growing location. Strong Holding Income: Currently, the duplex with 2 x 2 Bedroom units has an active rental roll on both units generating a steady rental income of total $870 per week, over 5.8% yearly rental yield with potential for higher rental in current market. The rental income alone exceeds mortgage repayments, perfect for first home buyers, landbankers or savvy investors wanting to make a positive geared gain. This offers a fantastic opportunity to earn income while planning your next move or development. Functional floor plans could suit renovation and reconfiguring to maximise return. Owner Occupiers: Rare opportunity to live in one unit, while renting out the other to supplement your mortgage payments. Prime Location: - Walking distance to public transport inc. Garden City & Griffith Uni bus stops, Banoon Train station - Minutes drive to local shopping, parks, dining, professional service, Sunnybank Hills State School, Market Square, Pinelands, Shauna Downs and Sunnybank Plaza - Minutes walk to picturesque parks, 7-11 & petrol station - Easy access to main roads; 20 minutes to Brisbane CBD Property Features: Unit 1 - 25A - Renovated floors, kitchen and bathroom. - Current Rent $430/pw (lease to July 2024) - 2 Bedrooms - 1 Bathroom - Open plan living and kitchen with ducted rangehood - Backyard + Patio - Laminate Floors - Split airconditioning & ceiling fans - Ramp and deck leading to front door - Carport with extra parking on driveways - Individually metered electricity Unit 2 - 25B - Renovated floors, kitchen and bathroom - Current Rent - $440/pw (lease to February 2024) - 2 Bedrooms each with own ensuite - 1 new Bathroom with laundry - Open dining and kitchen area - Laminate floors - Airconditioning and ceiling fans - Carport + Individually metered electricity - Potential for home business or office use You are positioned within a great neighbourhood in demand Sunnybank Hills. Prized local and private schools, picturesque parks, handy bus stops and train station conveniently located close by and only a short drive from bustling shops, dining options, Griffith university Nathan campus and so much more. Bring your property vision to life with this exciting opportunity set within a popular pocket of Sunnybank Hills. Ripe for reimagining, this is your chance to knock down, start fresh and build the modern home of your dreams (STCA) or leave as is, set and forget investment, reap the rewards and enjoy the steady high dual rental income and positive growth. Don't miss out on this exceptional opportunity to shape the future of this sought-after area with this unique rare duplex offering. Whether you're an experienced developer, builder, landbanker, first home buyer or an astute investor, this property has all the key ingredients for success. Live in, invest, polish or demolish! The choice is all yours. Inspection times are limited with tenanted properties. Instructions from the owners are clear, the property MUST BE SOLD. Do not delay - contact agent today for more info & immediate inspection!
