FANTASTIC INVESTMENT OPPORTUNITY

This well located duplex is only one street back from the beach and backs onto an easement/wildlife corridor making it nice and private for the tenants. Built on a large 804sqm block means both units have a reasonable sized fully fenced yard which would suit tenants with children.<br/><br/>Unit 1 is currently rented till 20/02/23 at $375/week with unit 2 currently rented at $350/week till 08/01/23. Both units are identical and in the current market could probably achieve a combined rental of at least $760/week once the current tenancies expire resulting in a gross rental yield of around 5.25%.<br/>Alternatively it could be used as a house and granny flat type set up for parents in one unit with the kids or grandparents in the other – or live in one unit and rent the other out.<br/><br/>Built in 2014, each unit contains three bedrooms, study nook, two bathrooms, kitchen, open plan living & dining, patio and single lock up garage incorporating a laundry. They are spacious and very livable for either couples or a family with up to two children.<br/><br/>The Bushland Beach market is experiencing consistent growth with approx. 30% price growth over the last three years. Vacancy rates are less than 1% meaning there is an almost instant supply of tenants looking for rentals in Bushland Beach. This property represents an outstanding opportunity to secure a solid return now and could always be strata titled at some time in the future to allow the two sides to be sold off separately.<br/><br/>Call the agent now on 0423 692 422 to discuss further or arrange an inspection.<br/>