Single Level in Triplex with High Ceilings and Private Back Yard
Herbie is proud to present you with the perfect opportunity to get into the market with this charming property just next to Frascott Park.
Bordering on Burleigh, this residence offers a short drive to the beach and the freedom of not being locked into a body corporate structure. Being in a triplex, it is not as busy in nature as a large complex, meaning it offers more privacy and room to breathe. All of these features create a flexible property for both occupancy and investment purposes. The adjacent Frascott Park is dog friendly, a huge plus if you have a furry friend.
Varsity Lakes is renowned for its vibrant family community and proximity to stunning natural attractions. Enjoy easy access to local parks, shopping precincts, and dining options that cater to every taste. The suburb is also home to reputable schools such as Varsity College and Bond University, making it an attractive choice for families considering future growth and convenience. With excellent public transport links, commuting to nearby suburbs is effortless.
Varsity Lakes has been steadily increasing in value for years and is expected to continue on this trajectory, whether you're starting your homeownership journey or looking to expand your investment portfolio, this unit offers tremendous potential.
PROPERTY HIGHLIGHTS:
- Shared insurance with no body corporate
- High cathedral ceilings in living area for a spacious feel
- Two bedrooms, master with built-in
- Good size backyard with garden shed
- Carport with one parking space
- Positioned next to Frascott Park
- Pet friendly
- Built in 1985
FINANCIAL DETAILS:
- Current rental income: $500 weekly (Conservative due to long-term tenant)
- Current rental appraisal: $700 - $725 weekly ($750 - $795 weekly if renovated)
- Lease ends on 3/08/2025 (Contact Agent of you need to move in sooner)
- Shared insurance fees: $943 per year
- Council rates: $1,250 half-yearly approx.
- Water rates: $300 quarterly approx.
Herbie is ready to help you become the new owner of this property!
Property ID: #R2-4522779
