This is the perfect affordable investment for those seeking a high yielding property to add to their portfolio or Self-Managed Super Fund!
This duplex property consists of 2 x 1 bedroom units (Units 5 and 6) on 1 title. The units offer private, low maintenance independent accommodation for over 60's. Set in beautiful garden surroundings, Units 5 and 6 each have 1 bedroom, 1 bathroom, a lounge and kitchenette.
The duplex is currently fully leased to 2 long term tenants with a gross rental return of $630 per week, resulting in an amazing yield of 10%+.
This is a freehold property under a body corporate, so unlike some other independent living options, there are no deferred management/departure/transfer or other hidden fees.
With an ageing population and increased demand for community style independent living options, this duplex has been an exceptional investment for the current long term owner and provides a great opportunity for savvy investors to add to their portfolio or Self Managed Super Fund. Subject to the existing leases, there is also the option to buy it for a loved one, or downsize yourself and live in one unit and rent out the other.
The property is ideally situated within close proximity to every service and amenity you could need. Aspley Hypermarket (Coles/Woolworths/Kmart/Aldi) is just 750m down the road and Westfield Chermside Shopping Centre is an 8 minute drive away. Express buses servicing the local area and City are also within walking distance.
For further information or to arrange your inspection, please contact Joshua Waters.
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