This duplex is located in a modern estate of Caboolture. With each unit containing 3 bedrooms, 2 bathrooms, and 1 car space, investors take note - this property returns a High Yield. How does 8.9% sound?
Boasting 6 bedrooms, 4 bathrooms and 2 car garage, this property is ideal for an extended family, large family household, downsizer seeking a home PLUS investment property, or a property investor.
This duplex is currently tenanted and generates more than $45,000 per annum income for the landlord. The current tenants are excellent housekeepers, so if you buy as an investment property you will have immediate income and a stress-free investment.
For those looking to buy as an owner occupier, you have many living options. The two separate dwellings have 3 large bedrooms, 2 bathrooms and a single lock-up garage. They also have their own private covered outdoor al fresco area and good sized back yard. If you have adult children living at home, they can safely and comfortably live in one property with you having space and privacy in the second property. Alternatively, the property is a great option for those wanting to live close to elderly parents but still have space for your own lifestyle.
If you ever thought about investing in property but didn't know how to do it safely, then this property is a great way to become a property investor. You can live in one property and rent out the one next door. There are no body corporate fees, so it is a great way to own an investment property with low costs.
Quality appliances and fixtures top off the package for the new owner/s.
ITEMS ON OFFER:
- 3 bed plus ensuite + 3 bed plus ensuite
- 2 x full size bathrooms
- floor tiles in living areas
- 2 x open plan living and dining areas
- 2 x covered outdoor al fresco entertaining areas
- split system air-con units in each property
- ceiling fans throughout
- 2 x dishwashers
- 2 x water tanks & pumps
- 2 x remote garage doors
- 2 x kitchens with Caesar stone benchtops
The property is situated close to public transport, quality schools, local parks and is a short drive to the Caboolture CBD. The area is receiving a massive injection of new infrastructure with an overall spend between $70 - $80 million. This includes the new Pumicestone State School, childcare, shopping & medical facilities, new local tavern, fuel service, takeaway food and significant upgrades to the local road network. Offering easy access to the Bruce Highway but set in a quiet residential precinct, you will be delighted with the lifestyle on offer.
Please call Michelle Kennedy on 0409 022 755 today to arrange your own private inspection. You won't be disappointed.
NRAS approved and tenanted.
NRAS is not available to owner occupier so this property is prime for an astute investor.
Excellent long term tenants - low maintenance investment.
What is NRAS?
The National Rental Affordability Scheme 'NRAS” is an Australian Federal Government initiative that provides Tax-Free Cash Incentives (currently $11,114.33 indexed annually for 10 years to certain residential property investors. This property has five years left, so you can double your return.
Tenants pay 20% under market rent, so while other properties sit vacant you'll be inundated with applications, giving you a better choice of quality tenants.
The Caboolture-Morayfield area is a high-quality location in the heart of South-East Queensland, one of Australia's fastest growing population areas with a chronic shortage in supply for affordable housing.
Not only does this area benefit from being within commuting distance of one of Australia's largest cities, the local area is packed full of all the amenities residents could ask for, with large retail shopping centres, recreational activity centres, high-quality medical facilities, world class equestrian centre, schools, new university as well as TAFE campuses, and even an airport!
All this comes with beautiful park and bushland, the Caboolture River, and beaches nearby.
The Morton Bay Regional Council is working on plans to guide the development of the Caboolture-Morayfield Principle Activity Centre into a regional centre that will play a key role in South-East Queensland's future.
The State Government has identified Caboolture-Morayfield as a Principal Regional Activity Centre (PRAC) in the South-East Queensland Regional Plan. Such centres are intended to provide a diverse range of jobs and services to meet the needs of residents and businesses and create a vibrant local economy.
In a jointly funded project, Council and the Queensland Government are working on a master plan to guide the development of Caboolture-Morayfield as a sustainable, people friendly, and innovative regional centre.
The master plan will include strategies for:
-Future commercial and retail development and redevelopment
-Identify the demand for future housing development
-Provision of community and cultural facilities needed
-The provision of public open spaces
-Integrated public transport
-Provision of infrastructure needed to meet the demands of a growing population.
Each Property Features
- 3 generous bedrooms
- Air conditioning with ceiling fans
- Master with Ensuite plus second bathroom
- Built in wardrobes
- Internal Laundry
- Dishwasher and Stainless Steel Appliances
- Single lock up garage with internal access
- Fully fenced
Property type: Duplex
Please call Michelle Kennedy on 0409 022 755 for more information or to discuss receiving an investment analysis on this property.