Investment Properties

Does this property have it all…

Strata Potential and Cash flow.

Can strata the property – Yes
Cash Flow- Yes at 100% finance will cash flow at: $700pw

Currently returning $114,400 per annum gross rental income, this duplex, consisting of two 4 bedroom 1 bathroom properties, will guarantee you a positive income from day 1. You can wait 12 months and then house 2 families comfortably - all walking distance to the CBD !!

Each property has expansive tiled living areas and carpets in the good-sized air-conditioned bedrooms. The bull-nosed verandah that stretches across the front of both units offers extra privacy and the low-maintenance backyards offer plenty of parking space - with both incorporating a court-yard and modern bathroom. The internal store-room will present you with even more options.

Strata:

The property can be strata titled and once done either side should sell for $600,000. This will be dependent on rent however all 4 x 2 bedroom properties are currently renting for $1,600pw, so these should easily both be renting for $1,200. The vendor has apparently already started this process.

Cashflow:

At 100% finance the property currently cash flows at $700pw based on 6 % interest rate.

Renovation:

There is a storage room in each property that the agent believes can be turned into another bathroom, obviously making the 2 units 4 x 2 an increasing the values. Given all 4 x 2 are currently renting for $1,600 pw that would make a sale value of approximately $700-$800,000 each.