Offering immediate rental income, flexibility and exciting future potential, this renovated duplex on one title presents a rare opportunity on an impressive 1,030m² allotment in a convenient Cannonvale location.
Comprising two separate two-bedroom, one-bathroom residences, both homes were extensively renovated in 2017 and are currently occupied by long-term tenants who are keen to remain. The tenancies are periodic, giving the incoming owner flexibility to continue leasing both residences or potentially occupy one themselves.
The real standout is the 1,030m² allotment.
With the existing duplex positioned to leave a substantial amount of usable land at the rear, the property offers exciting scope to investigate further development, or additional accommodation, subject to council approval.
For investors, it presents the compelling combination of income from two existing residences today with the potential to unlock further value from the site in the future.
Both residences offer comfortable, renovated interiors with practical layouts and plenty of off-street parking, making them appealing, low-maintenance homes for tenants or owner-occupiers.
Positioned close to Cannonvale's schools, shopping, public transport and everyday amenities, this is a versatile property with options both now and into the future.
Property Highlights
- Duplex on one title
- Impressive 1,030m² allotment
- Two separate 2-bedroom, 1-bathroom residences
- Extensively renovated in 2017
- Long-term tenants currently in place and keen to remain
- Periodic tenancies providing flexibility for the new owner
- Substantial usable land to the rear
- Potential for further development (STCA)
- Dual rental income from the existing residences
- Opportunity to occupy one residence and lease the other
- Ample off-street parking
- Convenient Cannonvale location close to schools, shops and transport
Properties combining dual income, over 1,000m² of land and genuine future potential are increasingly difficult to find in central Cannonvale.
For further information or to arrange an inspection, contact Clarice Davis on 0429 336 499 today.
