This well loved duplex gives you twice as much bang for your buck.
Sitting on the corner of two very quiet streets in the quiet part of White Rock. The property is currently tenanted by two really nice older ladies who pay the rent on time and are appreciative of their homes. They both have long leases and at the current rental the property offers a net return, after rates and insurance costs of 5.5%. Try getting that at your bank!
Both townhouses have a carport and patio at the front as well as their own secure fenced back yards, complete with garden sheds. The kitchens are not new, but are in good working condition as are the bathrooms. A new air conditioner in one and a renovated bathroom in the other. There is a second living room that would be an easy conversion to three bedrooms and would put the rent and the values up.
No body corp. levies to pay and no body corp. to tell you what to do. You are the boss as you own both properties on the one title. Strata titling may well be a possibility and you could cash in half of your outlay— if not more.
An absolute no brainer investment opportunity.
Contact Michael Skuse