1 and 2/8 Varsity Crescent

Norman Gardens QLD 4701

831 m²

Apartment

Currently for sale - view listing

Overview

Dual Income Opportunity Modern Duplex with Strong Returns...

This outstanding duplex presents an exceptional opportunity for investors seeking strong returns or families looking for versatile side-by-side living. Comprising two modern four-bedroom homes under one roof, this rare offering delivers a total of 8 bedrooms, 4 bathrooms, and 4 car accommodation in a highly desirable package. Each residence has been thoughtfully designed for comfortable family living and features a spacious open-plan layout with air-conditioned living areas, modern kitchens, and generous outdoor entertaining spaces. * Two modern 4-bedroom duplex residences * Total of 8 bedrooms, 4 bathrooms, and 4 car accommodation * Air-conditioned master bedrooms with ensuites * Three additional bedrooms in each unit, all with built-in wardrobes * Open-plan air-conditioned kitchen, dining, and living areas * Double remote garages to each residence * Covered outdoor entertaining areas * Fully fenced private backyards * Main bathrooms featuring separate showers and standalone bathtubs * Separate toilets for added convenience * Privacy fencing separating both residences Currently tenanted, both properties provide immediate rental income ($1020 a week), with tenancy agreements remaining in place. Recent rental appraisals indicate a potential rental increase when available to $650-$680 per week per unit, offering an impressive, combined return of up to $1,360 per week. Properties of this calibre are rarely available, particularly modern duplexes offering two spacious four-bedroom homes. The well-designed floorplans, quality finishes, and strong rental appeal make this an exceptional investment opportunity. Beyond its investment potential, the property also offers excellent flexibility for future owner-occupiers. Whether accommodating extended family, caring for elderly parents nearby, or providing independent living for adult children, the possibilities are endless. A unique offering with strong returns and outstanding lifestyle potential. Contact us today to arrange your private inspection.