Smart Investor Alert – Free Standing Duplex (with room for add more dwellings)

Smart Investor Alert – Duplex block (with room for add more dwellings)

Here is an opportunity to secure a great rental property. But wait there is more. There’s no common wall as there is a room between them- very popular with renters. The unit duplex is located on a generous 1012m2 (approx.) allotment. As a bonus there is a vacant area on the block that would be suitable to add more dwellings. This is subject to Council approval but the zoning is R50.

Currently on offer is:
• Brick duplex on 1012m2 block
• Both have 2 bedrooms with built in robes and 1 bathroom
• Both have renovated modern kitchen and bathrooms
• Both have split system air-conditioning
• Both have separate laundry
• Both have a private rear courtyard
• Current weekly rent for both $600 (gross rental yield 8.91%)
• Updated rent appraisal $700 (possible gross rental yield over 10%)
• Walking distance to Boulder CBD

There are plenty of options:
• Keep them both rented
• Live in one and rent the second one
• Improve the block by adding more dwellings (STCA)

This is the first time in over 15 years that this property has been offered for sale.

If you would like to own this ideal investment call Iris Haynes to arrange a viewing.

Please note: The photos are of the unit 35B Richardson

Council rates $1,819.08pa per unit
Water rates $260.00pa per unit

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