Dual Occupancy Investment On City Fringe

Tightly held, seldom do these styles of investment properties come to the market in such a prime location on Townsville's City fringe - minutes from the new Queensland Country Stadium.

Built with purpose, this Duplex comprises a front three-bedroom home with ensuite and single carport, and at the rear a one-bedroom home with single carport. A fence at the rear means each has its own lawned area.

Built-in 2012/2013 the property has been an NRAS investment property currently returning $328 per week and $212 per week respectively (in addition to the owner's DOUBLE taxation credits under the NRAS scheme- two-time tax supplements. The current market value if the duplex was rented would be $250 per week for the one-bedroom unit and $380 per week for the three-bedroom unit. This property is part of the NRAS Scheme until 2023.

This truly is the ideal ready to go, high yielding investment property. Other options later down the track could be to occupy one side and lease the other side out to take advantage of a subsidised mortgage repayment or even have multiple generations living under the same roof!

Neat and tidy throughout, both sides feature neutral tones and easy to care for and durable tiled floors in the open living areas.
These well proportioned living spaces conveniently flow out to the entertaining areas and enough easy to care for backyard space without being too much to maintain with a total land area of 663 sq.m.

THE PROPERTY
Residence 1/4
- Three bedrooms master with ensuite
- Two bathrooms (including ensuite)
- Generous sized living and dining area
- Fully air-conditioned throughout
- Rear patio overlooking the backyard
- Single garage with internal access

Residence 2/4
- One Bedroom
- One bathroom
- Open plan living dining
- Rear patio overlooking the backyard
- Fully fenced
- Single garage

THE LOCATION
- Central family-friendly address near schools and parklands
- Close proximity to The Precinct shopping village
- Close proximity to the new Fairfield Waters shopping complex
- Extensive hike and bike trail network throughout the suburb and along the river
- Only 5 minutes from the city centre and Qld Country Bank Stadium - home of the Cowboys.
- 10 minutes to "The Strand"

Notes on NRAS :

NRAS provides a substantial annual tax-free incentive per dwelling to investors who build and rent approved dwellings at a rate that is a least 20 per cent below the prevailing market rate, too low and moderate-income households.

*An Australian Government contribution of $7,486 per dwelling per year as a refundable tax offset (not-for-profit organisations endorsed as charities by the Australian Taxation Office can choose to receive the contribution as a refundable tax offset or a direct payment) and a State or Territory Government contribution of $2,295 per dwelling per year in direct or in-kind financial support.

Please note - All parties should make and rely upon their own enquiries in order to determine the accuracy of the information supplied. Some file photographs in use may have been taken some time ago. Please rely on your own inspection and investigations as the property may have changed since the photographs were taken. We bear no liability for any loss sustained due to inaccuracy or omission.

Make an Enquiry

Nathan Lynham

Nathan Lynham

P: 07 4723 3222

E: nathan@lynham.com.au

M: 0427 695 162

Graham Lynham

Graham Lynham

P: 07 4723 3222

E: graham@lynham.com.au

M: 0447 250 222