This property is a unit located on a lot in 55/RP4803 Southport QLD. It has an estimated value of $675,000. Constructed in 1980, featuring 4 bedrooms and 2 bathrooms.
2-for-1 High Returning Duplex Pair! TWO x 2 Bed Units! RD5 Development Zoning Phone Enquiry ID: 55782Duplex pair. Units 1 and 2.An excellent opportunity for savvy investors seeking maximum bang for buck with the ability to consistently achieve maximum rewards with two rental incomes; developers hunting their next project (up-to a 3 storey development) - and indeed, first home buyers, young families or lifestyle seekers hoping to establish themselves in one of the best locations on the Gold Coast, with the bonus of accommodating extended family, elderly/impaired relatives independently whilst remaining under the same roof, or earn additional income through long-term or short-stay accommodation.On an easy-care 405sqm RD5 Zoned block, perfectly positioned in this highly desirable Central Southport neighbourhood. Within 5 mins walk from Southports vibrant CBD, restaurants, cafes, supermarkets, world-class shopping, broadwater, entertainment & Commonwealth Games venues, GCU Hospital, light rail, buses, acres of parkland, walking/cycling trails, lifestyle facilities, sporting grounds, quality schools; St Hildas, Southport State Primary/High schools and TAFE. The location is paramount, to say the least!Purpose-built to accommodate dual occupants completely independent of each other - each property with private entries, single remote garages, two bedrooms, kitchens, bathrooms, laundries, separately fenced outdoor & covered entertaining areas.Both are currently rented to fantastic tenants until Mar 2019, returning an excellent combined rental return of $38,480 per annum!Not only will the numbers impress investors, the appeal of living in one and renting the other for additional income or fast-tracking capital growth will delight home buyers; and the RD5 development zoning will certainly sell itself to property developers wholl be equally rewarded by either redeveloping the block into new townhouses/strata title now, or holding and collecting the rent while that capital continues to build.Two homes for the price of one - $740.00 per week combined rental income - an excellent rental yield of 5.92% (if purchased at $650,000)Unit 1:- Currently tenanted at $380.00 per week until March 2019- Single remote lock-up garage- Two generous bedrooms with ceiling fans & built-in robes- Modern bathroom with large vanity, shower and toilet- Separate laundry with linen cupboard and outdoor access- Neat and bright Kitchen with new freestanding oven and range hood- Spacious, air-conditioned open plan living/dining area opening outdoors- Undercover entertaining area and privately fenced grassed yard- Near New Split system air conditioning unit to main living area- Freshly painted throughout- External aluminium window louvres- Security screens throughoutUnit 2:- Currently tenanted at $360.00 per week until March 2019- Single remote lock-up garage- Two generous bedrooms with ceiling fans & built-in robes- Modern bathroom with large vanity, shower and toilet- Separate laundry with linen cupboard and outdoor access- Modern renovated Kitchen - Brand new cabinetry & bench tops installed December 2017- Spacious, air-conditioned open plan living/dining area opening outdoors- Undercover entertaining area and privately fenced courtyard with synthetic turf & tropical gardens- Near-new Split system air conditioning unit to main living area- Brand new blinds throughout- Security screens throughout- External aluminium window louvres- Freshly painted