Are you seeking your next investment to add to the portfolio, or a sizeable site to develop? 582 Bruce Highway is an immaculate & low maintenance block duplex boasting huge potentials for the next owner.
The duplex currently has two unit dwellings on a sizeable 809m2 block; both two bedroom, one bathroom units. There are lovely tenants on both sides. Both unit have front gates, covered carport, lock up storage at the back of the properties, and huge front & back garden areas, making it very attractive for tenants.
The commercial & multi dwelling zoning allows a strong position for long-term capital growth in the future, with the potential to build a larger residential unit block to increase the returns.
Alternatively, the duplex can be fully tenanted with no work needed prior to occupancy. This allows the opportunity for immediate income at time of purchase. As a duplex, there are low holding costs, making it attractive to the savvy investors.
Both units have been upgraded recently, including full internal and external painting, a brand-new roof in 2026, front fencing & gates for privacy, upgraded Acs to both units, new lino throughout unit 2, new ovens to both kitchens, new vanities to both units, and so much more. These block units are strong, durable and ready for the next owner to make their own.
ADDITIONAL INFORMATION:
+Unit 1 = $420 per week (periodic lease agreement)
+Unit 2 = $510 per week (fixed lease to May 2027)
+Rental appraisal = $1,020 per week combined.
+Last rent increase to unit 1 has been over 12 months, so can be increased.
+Council rates approx. $3,200 for each dwelling.
+Land size: 806m2
+Roof replaced: May 2026
+Not located in a flood, heritage or fire zones
+Low holding costs with no body corporate outlays.
This duplex is a unique opportunity for buyers. Please contact us today for more information or to arrange an inspection.
We look forward to hearing from you.
