Final Opportunity, Dual Income Investment on One Acre
32 Guara Grove, Pimpama
Tucked away in the sought after Canowindra Estate, an acreage enclave separate from the busier, higher density pockets of Pimpama, this renovated colonial residence and its fully self contained granny flat offer a strong, secure dual income on a full acre.
The main house is leased on a new 12 month lease at $1,495 per week. The granny flat is separately metered for water and power, with expected rent of $750 per week and strong tenant interest. Together they offer a potential combined income of $2,245 per week, professionally managed for a hands off investment.
With quality renovations, new infrastructure and low ongoing maintenance, this is a well set up, high yielding asset in one of the Gold Coast's fastest growing corridors. The owners will be withdrawing the property from sale shortly, so private inspections are available for a limited time only.
The income
Main house leased at $1,495 per week on a new 12 month lease
Granny flat expected rent of $750 per week, separately metered for water and power
Potential combined income of $2,245 per week
Professionally managed
Recent build and renovations offer strong depreciation potential
Main house
4 bedrooms, plus a connected kids retreat and a separate office or treatment room
2 renovated bathrooms, including an ensuite off the master's walk in wardrobe
U shaped kitchen with a breakfast bar, plumbed fridge and 900 millimetre gas cooktop and oven
Stone look tiles through the living areas, LED downlights throughout
4 split system air conditioners, ceiling fans and whirly birds
New windows and doors with Crimsafe style security screens, around 3 years old
Outdoor laundry under an insulated patio
Granny flat
2 bedrooms, 1 bathroom, only a couple of years old
Kitchen with dishwasher, full bathroom with built in laundry
Air conditioning, ceiling fans and soundproofing throughout
Own carport, full width front deck and small rear deck
Land and lifestyle
4,000 square metre block backing onto bushland
In ground pool with water slide, with pump, filter and chlorinator replaced in recent years
Entertaining area with bar and fireplace
Fruit trees, horse yard and 6 metre by 3 metre stable, chook pen
Infrastructure and low maintenance
New large capacity Envirocycle septic system
6.6 kilowatt solar system and solar hot water
13,000 litres of water tank storage
Underground power, engineered drainage, fully zoned fencing
New concrete sleeper retaining walls
Parking and storage
Drive through carport and second front carport, both with 3.1 metres clearance
Separate 6 metre by 6 metre shed or garage, two garden sheds
8 metre by 8 metre boat, caravan or trailer parking out back
Location
Built in 1985 and extensively renovated since
Close to Pimpama train station, two schools and three childcare centres
Close to the M1, around 10 minutes to Pimpama City, Home World and boat ramps
Short drive to Westfield Coomera and the theme parks
Inspections by private appointment only. Contact Clinton Corke on 0415 503 639 to arrange a viewing.
