Currently receiving $370 per week and with a tenant wanting to stay long term, this really is a fantastic opportunity for a savvy investor. The property has been renovated to ensure the home’s rental yield is maximised offering a great return
. On top of that, the potential at this property is HUGE! The current owners have already had plans drawn up to potentially sub-divide the block in the future as the home benefits from dual road exposure. The home at the moment has direct access onto School Road from the double gate in the back yard. The proposed property would be a 3-bedroom double storey home complimented by a single garage. All plans will be provided to all prospective purchasers on inspection of the property.
With being only walking distance to Lillybrook Shopping Village, which is home to Coles, BWS, Choice Discount Store, 2 x medical centres and a lot more, you don’t even need to drive anywhere! If you did jump in your car, its only 5 minutes to the Bruce highway and therefore very close to Ikea and Westfield Shopping Centre. Yes, for tenants this property is in a brilliant location. The new train station will be open by late 2016, making the travel into Brisbane CBD a lot more accessible with less traffic and less stress.
The property has a car port that goes the length of the home and an alfresco that offers a large covered area, perfect for summer BBQ’s or a place to relax with a glass of wine. This property will not last long, so call us today on 07 3180 2800 to arrange an inspection.
“What the Owners say”
We brought the property two years ago and have since renovated it to ensure we could provide a great environment for our tenants to live in. The home was leased very quickly and has had the same tenant in ever since, who has indicated on several occasions, he would like to stay long term.
The property was purchased with the intent to do the next step of the investment, which is to sub-dive on a Community Titles Scheme and build another dwelling that we could rent out, maximising our yield even further. However, we currently have a number of other projects underway at the moment and simply do not have the time to take this investment to the next level. Regardless of whether or not the next investor decides to apply for planning now or in the future, the property is still getting a fantastic return on investment.
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