Duplex Investment with Approx. 6.11%+ Gross ROI..!
Welcome to 98 Pauls Road, Upper Caboolture...
A neat & tidy 5 bedroom, 3 bathroom, 2 car accommodation duplex that’s currently tenanted & offering a very strong rental return (without any body corporate fees) making this the ultimate “set & forget” addition to your investment portfolio.
Each side of this duplex is Strata titled which allows the flexibility to buy one or buy both as a combined package.
You could also consider buying both and living in one whilst you enjoy the rental return from the other.
1/98 Pauls Road – If bought individually, this half (being the larger half) will be offered for sale at $280,000. It is currently tenanted for $325.00 per week with the current lease in place until 2/12/2021. At this asking price, it equals an approx. 6.03%+ gross return on your investment.
1/98 Pauls - Property features include;
> Open plan kitchen with gas cooking, dishwasher, stone bench tops
> Large air conditioned lounge room with ceiling fan
> 3 carpeted bedrooms all with built in robes
> Master with en-suite and walk in robe
> Main bathroom with shower and bath
> Tiled living, separate toilet
> Compact laundry
> Single remote controlled lock up garage
> Outdoor patio area with ceiling fan
> Water tank plumbed to the home
> Low maintenance yard
2/98 Pauls Rd – If bought individually, this half will be offered for sale at $249,000. It is currently tenanted for $275.00 per week with the current lease in place until 27/04/2021. At this asking price, it equals an approx. 5.74%+ gross ROI before any negotiation..!
2/98 Pauls – Property features include;
> Kitchen with dishwasher, gas cooking & stone bench tops
> Combined lounge/dining room with air conditioning
> 2 carpeted bedrooms both with built in robes & ceiling fans
> Main bathroom with shower and toilet
> Single remote lock up garage
> Outdoor patio area
> Low maintenance backyard
> Water tank plumbed to the home
In regards to the location, you or your tenants will enjoy being in this quality & sought after neighbourhood within the Parkridge Estate. This pocket consists of a majority of owner occupiers and is tucked away from the main roads meaning minimal local traffic only with the added bonus of a more rural outlook with larger acreage properties adjacent to you.
Whilst still being within a 10 minutes drive to Major Shopping in Morayfield and a further 5 minutes drive to access the Bruce Highway north or south bound with a further 40 minutes drive to Brisbane CBD.
For more information, or to arrange a viewing of this property, please don’t hesitate to contact Scott Lachmund or Jarrod Willis today. We look forward to chatting with you.
Caboolture
