1 & 2/70 Banksia Avenue

Andergrove QLD 4740

802 m²

Semi-Detached

Currently for sale - view listing

Overview

Duplex Investment Two Income Streams, One Title

Offering an excellent opportunity for investors, 70 Banksia Avenue presents as a duplex comprising two separate 2-bedroom, 1-bathroom units, providing two rental incomes from a single property. Both sides are currently tenanted at $520 per week each, generating a combined rental income of $1,040 per week or $54,080 per annum, representing a gross rental yield of approximately 6.36%. Held on one title with no body corporate, the property offers a straightforward investment structure while providing the benefit of two independent rental incomes. Each side features two bedrooms, one bathroom and single car accommodation, making them well suited to the local rental market. Positioned in the established suburb of Andergrove, the property is conveniently located close to local schools, shops, services and everyday amenities, with easy access to Mackay CBD and surrounding suburbs. With both dwellings already leased, an investor can secure an income-producing asset from day one, with the added appeal of two rental incomes, one title, no body corporate and a gross yield of approximately 6.36%. A compelling opportunity for investors looking to add a dual-income property to their portfolio while benefiting from the simplicity of a single-title ownership structure. Disclaimer: Some images have been digitally modified using AI for illustrative and presentation purposes. Images may not accurately represent the property's current condition, finishes or furnishings.