A Duplex pair on one title, for just one price. Amazing Return $480p/w Gross 6.7 % You wont get that from a bank.
Situated in a great area surrounded by quality homes these 2 Bedroom modern brick Duplex Units, constructed Feb 2006 represent amazing value.
*** Each with Large Kitchen, Open Lounge/ Dining area, Bathroom, Office Nook, Laundry, Separate toilet, single attached lock up garage and visitors parking space. Large fenced backyard and patio area for each unit, as well as a concrete driveway. Great design, Spacious bedrooms (with built-ins), Quality Appliances and Air Conditioned.
*** Both units on a single title - but could be strata titled by new owner as each unit includes separate water meters (subject to Toowoomba Regional Council Permission.
*** Quality long term tenants on new leases until Feb 2018.
*** Options for possible buyers
1..Rent out both units at $480 per week
2..Live in one, rent out the other to give a home PLUS income
3.. Strata Title both units and possibly sell for PROFIT.
TOTAL RATES..........$ 2429.60
WATER RATES.........$1180.00 for both units, but tenants pay water usage
INSURANCES...........$ 895 (Units plus 2 x Landlords )
DEPRECIATION........$4086 (Building) plus extra for Furnishings /Plant
RENT.........................$ 480 total (2 X $ 240 per week )
Watch this area grow with the Toowoomba Bypass on our doorstep, Brisbane West Wellcamp Airport & Charlton Industrial/Transport Precinct only 20 minutes away, New Hope Coals possible 3rd Stage 15 minutes away & Oakey's Army Air Base and Expanding Oakey Abattoir on the doorstep giving a lot of reasons to buy, or invest, in and around Oakey.
Be quick to call Wayne Laughton for an inspection or a chat!
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