Presenting an exciting opportunity for investors, renovators or buyers looking to secure a versatile dual-living property in a convenient and sought-after location!
Positioned on a 578m² allotment, 89 & 89A North Street offers two separate residences on one title, providing the benefit of dual rental income, future value-adding potential and flexibility for a range of buyers.
Both dwellings are currently tenanted, generating a combined rental return of $820 per week, equating to approximately $42,640 annually and a 7.42% gross rental yield at the advertised asking price.
89 North Street – Main Residence
The main residence is a high-set, three-bedroom home offering a practical layout, generous living spaces and plenty of potential to add value through cosmetic renovations and modern updates.
The upper level features a spacious living area flowing through to the kitchen and dining space, three bedrooms, a central bathroom and a separate study. An adjoining deck provides additional space to relax or entertain.
Downstairs, the property offers a substantial under-house area, providing valuable storage and utility space, along with an adjoining carport.
It presents an excellent opportunity for buyers looking to improve the property over time and potentially increase their rental return.
89A North Street – Second Dwelling
Positioned separately from the main residence, 89A North Street is a self-contained one-bedroom cottage, providing an additional income stream.
The cottage features a functional kitchen, separate living area, bedroom, bathroom and front verandah.
Its compact, low-maintenance layout makes it an appealing rental option, while the separation between the two residences offers added flexibility.
Property Highlights
- Two separate dwellings on one title
- 578m² allotment
- Four bedrooms and two bathrooms across both residences
- Main residence featuring three bedrooms, a separate study and spacious living area
- Generous under-house area and adjoining carport
- Separate one-bedroom cottage with its own living space, kitchen and bathroom
- Both dwellings currently tenanted
- Combined rental income of $830 per week
- Approximate annual rental income of $43,160
- Gross rental yield of approximately 7.5% at $575,000
- Potential to increase rental returns through improvements to the main residence
- Convenient location close to major amenities
Location, Convenience & Investment Potential
Situated in an established and convenient pocket of West Rockhampton, the property is positioned just minutes from Rockhampton Base Hospital, Rockhampton Airport, local schools, shopping facilities and public transport.
With two income-producing residences, an established rental return and opportunities to add value, this property presents an appealing option for investors looking to expand their portfolio or secure a versatile asset in a well-connected location.
Whether you're looking to invest, renovate or explore the potential of dual living, 89 & 89A North Street is an opportunity worth considering!
Contact Team Reid at McGrath Rockhampton today for further information or to arrange your inspection.
Disclaimer: Whilst every effort has been made to ensure the accuracy of the information contained herein, no warranty or representation is given by the vendor or agent as to its accuracy. Interested parties should not rely solely on the information provided and should make their own independent enquiries, inspections and seek appropriate legal, financial and technical advice to satisfy themselves as to the accuracy and completeness of the information. Images, boundaries, measurements and features are indicative only and subject to change without notice.
