ATTENTION investors, land bankers, and developers: this single level duplex on an 810m2 double block zoned Medium Density Residential, offers an opportunity to value-add and/or redevelop (stca) whilst generating a holding income via rental.
The building comprises 2 x one-bedroom, one-bathroom units; with Unit 1 currently tenanted until June 2027 at $415 per week, Unit 2 is vacant and has formerly been achieving a rental income of $500 per week.
Both units are virtually identical with the main difference being, Unit 1 has a carport and Unit 2 has a second living area which was formerly a carport. The units are in basic but comfortable, liveable condition with features including security screens, ceiling fans, and internal brick walls.
There is also a split system air-conditioner in the bedroom of Unit 2. The block is flat with a leafy, ultra-private backyard and a communal garden shed. There is room on the driveway (both sides) to park a vehicle. There is plenty of room at the rear to create individual alfresco zones and fence each side.
Located on the eastern side of town just a five-minute walk to Nambour Plaza, 10 minutes' walk to the train station, and a 20-minute drive to coast beaches via nearby Petrie Creek Road; the location is exceptionally convenient.
Long-term investor owner is motivated to sell, and the vacant unit is rent-ready in its current condition, and securing a tenant in this tight rental market will not be an issue. This is a strategic low maintenance investment with a value-add upside when the time is right.
- Solidly built single level duplex on flat double 810m2 block
- Zoned medium density residential – development potential (stca)
- 2 x one-bedroom, one-bathroom; virtually identical configuration
- Unit 1 has a single carport, Unit 2 has two separate living areas
- Unit 1 rented @ $415 p/w until June 2027, Unit 2 vacant & rent-ready
- Private leafy backyard with communal garden shed for storage
- Short flat walk to town, 20 minutes' drive to airport & coast beaches
- Suit investor, developer, land banker, or possibly dual living buyer
Disclaimer:
The information statements, views/or opinions expressed in this publication are to be used as a guide only. Neither the Seller nor Century 21 Living Local nor any person involved in the preparation of distribution of this material gives any guarantee or warranty concerning the accuracy or validity of its contents nor will they accept any liability. All prospective Buyers should make their own enquiries and satisfy themselves by inspection or otherwise as to the suitability of the property.
Please note that some images have been digitally enhanced for marketing purposes. Edits may include lighting adjustments, sky enhancements, removal of objects, and minor landscaping improvements to present the property at its best. These images are intended for illustrative purposes only and may not represent the property in its current condition. Buyers are encouraged to inspect the property in person to verify all details.
