Duplex Pair in Palm Beach – Great Rental Returns

Perfect for a first home buyer!

Why buy an apartment and pay body corporate fees? Instead you can live in one side and collect rent from the other to help pay your mortgage!

Are you a large family looking for a 5 bed home? The average cost of a 5 bed in Palm Beach is $2.72m! You can pick this one up for almost half that price.

Are you an investor looking for a 5% yield now that interest rates are going to drop? This investment produces that AND you get to land bank as well.

This is your opportunity to secure a duplex pair on 1 title in the sought after suburb of Palm Beach. With amazing flexibility for any lifestyle, you can have double rental income, or live in one and rent out the other, to help pay off the mortgage – don’t miss out on this gem.

Original condition giving you opportunity to add some sweat equity, seize this opportunity to own your piece of paradise in one of the Gold Coast’s most highly desirable suburbs.

– Duplex A – 3 bedrooms, 1.5 bathrooms, rental appraisal $850
– Duplex B – 2 bedrooms, 1 bathroom, tenanted at $620 (until Sept)
– Large 665m² block with 20.1 metre frontage
– Zoned as medium density residential / multi unit dwelling
– Potential for redevelopment with a 20m frontage! (STCA)
– Council rates $2,319.61 per 6 months

Conveniently located across the road from Palm Beach High School, and walking distance to the beach, cafes, parklands, surf club and the Pines Shopping Centre.

Next to the updated sub station, which has been recently equipped with the newest technology, and replaced with compact, efficient, low output equipment – exceeding industry standards. This is small sub station that doesn’t produce any electricity it is simply a relay to split the feed to the southern suburbs. *The output is exactly the same as the power lines connecting to your home.

Please call Leon Maclaren Hill on 0412 804 425.