Opportunities like this do not come along often in Kirkwood. Set across a substantial 1,319m2 of land are two standalone homes, each offering 4 bedrooms, 2 bathrooms and 2 garages, creating an impressive 8 bedrooms, 4 bathrooms and 4 car accommodation across the property.
Currently returning a combined $1,210 per week, or approximately $62,920 in gross annual rental income, the property offers an established income stream from day one, with the added advantage of a substantial landholding and potential future subdivision options, subject to the relevant approvals.
Both homes have been designed to operate independently, with private living spaces, fenced areas and separate water meters. One of the residences is two storeys, with the upper level capturing waterline views, adding another point of difference to an already unique property.
For investors, the appeal is clear. Two existing income producing homes provide the ability to hold the property and benefit from the current rental return while considering what the future may offer.
For extended families, the property presents another opportunity entirely. Two separate homes allow multiple generations to live close to one another while still maintaining their own space and privacy. Alternatively, an owner occupier may choose to live in one residence while retaining an income from the other.
Positioned in Kirkwood, the property provides convenient access to Gladstone CBD, schools, shopping, industry and major employment areas, making it well placed for both current tenants and future owners.
The property is currently held on one title, with subdivision potential offering another layer to the opportunity for buyers looking at the longer term possibilities of the site.
With 1,319sqm of land, two standalone 4-bedroom homes, a combined rental income of $1,210 per week and future potential, this is much more than a traditional investment property.
It is an opportunity to invest, hold, occupy or explore what comes next.
Contact McCauley Estate Agents today to arrange your inspection.
Disclaimer:
Some images featured in this advertisement have been digitally staged to assist buyers in visualising the spaces while respecting the privacy of the current tenants and their young children. Personal belongings and furnishings may have been digitally removed or replaced for presentation purposes. The digital staging does not alter the property's structural features, layout or permanent fixtures. Buyers are encouraged to inspect the property to appreciate its current condition and presentation.
Any subdivision or development potential is subject to council approval, planning requirements, infrastructure, services and all relevant statutory approvals. Buyers should undertake their own due diligence.
