Verkauft
Tucked away in a quiet street in the seaside suburb of Innes Park, this duplex is only a short walk to the oceanfront and sits on an 809 m2 block.
The property offers an opportunity for a first home buyer to enter into the market. Live in one unit and collect the rent from the other to pay down the mortgage. Alternatively, it offers the opportunity for an investor to own a property in a very popular seaside location.
Each unit has 2 bedrooms, 1 bathroom and a kitchen and dining area adjoining the lounge. The laundry and toilet are adjacent to the kitchen and offer external access to the rear. Each unit includes its own backyard area and also has an attached single garage.
With tenants already in place and wanting to stay, the current rental return is $600 per week. Unit 1 has a lease in place until 10/1/25 and is currently returning $280 per week. Unit 2 has a lease in place until 10/7/25 with a return of $320 per week.
The rates are $1537.62 per half year, the insurance is $2449.38 per annum.
If you are seeking a coastal investment, this may be worth your consideration. Duplexes near the beach are a rare commodity.