Open for Inspection Saturday 5th October from 1:30pm - 2:00pm
AUCTION 6pm 10th October at Ray White Rental Office, 241 Arthur Street, Teneriffe QLD 4006
Good yield is hard to find in the inner city housing market. A lot of people are now looking for alternative options with houses to maximise their income. This house has just that. Split into two separate two bedroom units. This property offers buyers an array of options for both owner occupiers as well as investors looking at ways of generating that extra income.
Both units are 2 bedroom and 1 bathroom. New carpet has been laid and they have been repainted. They are in fantastic condition and have attracted excellent quality tenants. There are two separate leases, flat 1 is receiving $320 per week and flat two is receiving $360 per week.
The property services its purpose perfectly as is, although there are further development options if you wanted to take the property to the next level. An MP3 (multi-purpose) zoning allows a variety of options. One possibility could be to develop two x 1 bedroom flats underneath the house for further income.
Property features:
- 4 large bedrooms (2 for each flat)
- 2 Bathrooms (1 for each flat)
- 1 secure car space (more room out the back for parking if needed)
- 405 m2 block
- Renovated flats in excellent condition
- Air conditioning
- Excellent returns
- No body Corps
- 2 kw Solar panel installed on the back unit
Properties that are set up this way and in such great condition are hard to come by. The owner has committed to the sale and it will be sold at auction.
