Dual occupancy 1 x 3 bed 1 x 1 Bed Minutes from he city

Located on our city fringe - minutes from the new Queensland Country Stadium, this style of duplex, particularly given it's age and position are hard to find.

Built on low maintenance 375 m2 allotments - the 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 small lawned area.

This truly is the ideal ready to go, high yielding investment property.

There is an option, at the end of the lease arrangement 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!

Modern and well finished, 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.

THE INVESTMENT
19A
Rent: $ 327.20 per week plus $11000 per annum NRAS owner payment
19B Crake
Rent $196 per week plus $1000 pa owner subsidy
On the expiry of NRAS in February 2023 market rental currently would be $360 - $380 per week and $230 - $250 pw respectively.

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"

THE INVESTMENT RETURN
-Currently NRAS expires 2023.
Unit 19A
-Lease dates: 13/01/2021 - 12/01/2022
- Rent: $ 327.20 per week
Unit 19B Crake
Lease dates: 01/04/2021 - 31/03/2022
Rent: $196 per week
Both units receive approx $11000 per annum each NRAS subsidy to offset the reduced rent under the scheme
Market value outside of rental NRAS $380 pw and $250 per week approx.

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

Graham Lynham

Graham Lynham

P: 07 4723 3222

E: graham@lynham.com.au

M: 0447 250 222

Current Sales

3 Bedroom Unit Plus 1 Bedroom with separate yards unit On City Fringe