Currently returning $600 per week, can go up to $730 per week.
This editorial highlights a promising investment opportunity nestled in a tranquil hillside location of Kingaroy. Situated at the prestigious top end of a Cul-De-sac, this property boasts an expansive 853m2 allotment with distinctive red soils. Constructed in 2006, this modern brick duplex offers an appealing blend of comfort and convenience.
The interior features tiled traffic and living areas, complemented by contemporary kitchens and separate bathroom and toilet facilities. Ample storage space is provided throughout, enhancing practicality and organization. The duplex comprises two generously proportioned built-in bedrooms, along with distinct lounge and dining spaces. A single integral garage adds further utility to the property.
Currently yielding $600 per week, this investment holds significant potential for increased returns, with the possibility of escalating to $730 per week. Unit 1 is currently leased at $365 per week, while Unit 2 has a longstanding tenant of 10 years, contributing $235 per week. The flexibility of a periodic lease for Unit 2 affords new buyers the autonomy to adjust rental arrangements as per their preference.
Convenience is paramount, with essential amenities just a short stroll away. Residents enjoy proximity to private schooling options, day care facilities, and recreational parks. Furthermore, the property’s accessibility to Swickers meat processing plant presents an advantageous prospect for potential tenants.
In summary, this duplex represents a lucrative investment opportunity within a serene and well-connected locale. With its modern amenities, strategic positioning, and potential for enhanced rental returns, it stands as a compelling proposition for discerning investors seeking both immediate yields and long-term growth prospects.
