Positioned within the highly sought-after Riverbend Estate, this substantial modern home presents an attractive opportunity for investors seeking a quality residential holding with an established income stream.
Currently leased to a business for $700 per week, the property generates approximately $36,400 per annum in gross rental income.
With a spacious four-bedroom, four-ensuite configuration, multiple living areas and an impressive 1.5-acre allotment, the property offers an appealing combination of immediate rental income and long-term residential potential.
Property Features:
• Currently leased to a business for $700 per week
• Approximate gross rental yield of 4.4% based on the current asking price
• Approximate gross rental income of $36,400 per annum
• Welcoming low-set brick veneer home complete with a Colorbond roof and wrap-around concrete pathway
• Light-filled open-plan kitchen, living and dining area featuring tiled flooring, downlights, split-system air conditioning and evaporative cooling throughout
• Seamless indoor-outdoor flow with sliding doors opening to the backyard and French doors leading to the covered outdoor patio
• Modern kitchen with large island bench, soft-close drawers, microwave hub, double dishwasher, double sink, pantry, electric cooktop, rangehood and oven
• Separate carpeted lounge/media room providing a comfortable second living area
• Four generous carpeted bedrooms, each with its own ensuite and built-in wardrobe
• Each ensuite includes a floating vanity, shower and toilet, offering excellent privacy and functionality
• Two linen cupboards positioned within the tiled hallway provide additional storage
• Spacious tiled laundry with separate toilet, external patio access and direct internal access to the lock-up garage
• Double lock-up garage with remote entry, internal access and additional concrete parking
• 5.0kW solar power system
• Two rainwater tanks with pumps, plus an E1 grinder pump for septic
• Established shrubs and trees with dripper irrigation, boundary fencing and clothesline, all positioned across approximately 1.5 acres
With an established business tenancy, $700 per week rental income and an approximate 4.4% gross rental yield, this property offers investors the opportunity to secure a substantial modern home with income already in place.
Its versatile layout, generous landholding and sought-after Riverbend Estate location also provide broad appeal for the property's long-term future.
Contact Eden Rozendaal today for further information or to arrange a private inspection.
