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INVESTORS TAKE NOTE – 6.43% GROSS RETURN!!
$760,000
26 Channel Street, Bushland Beach
6
4
4
Profile
This eight year old duplex is well located in an elevated part of Bushland Beach surrounded by other desirable properties. The whole property is on one title so there is no body corporate fees. Each unit is three bed, two bath, double garage with a back deck and small back yard for kids or dogs to play.
Unit 1 is rented at $450/week till January 2025 while unit 2 is rented at $490/week till May 2025 giving a total annual rental income of $48,880 at a gross rental yield of 6.43%. Annual rates and insurance costs for the whole complex is $9566 leaving a net income of $39,314 after rates & insurance for a net rental yield of 5.17%
In comparison freestanding houses in Bushland Beach are only yielding a gross rental yield of approx. 5.20% with a net rental yield after rates and insurance of approx. 4.00%.
Each unit is a mirror image of each other in terms of floor plan so the photos included are only of one of the units. A full walk through video of each unit is available on request from the agent.
This duplex on one title is an outstanding opportunity for the experienced investor seeking a higher than average return in the ever popular suburb of Bushland Beach.
Call the agent now on 0423 692 422 to discuss further.
Unit 1 is rented at $450/week till January 2025 while unit 2 is rented at $490/week till May 2025 giving a total annual rental income of $48,880 at a gross rental yield of 6.43%. Annual rates and insurance costs for the whole complex is $9566 leaving a net income of $39,314 after rates & insurance for a net rental yield of 5.17%
In comparison freestanding houses in Bushland Beach are only yielding a gross rental yield of approx. 5.20% with a net rental yield after rates and insurance of approx. 4.00%.
Each unit is a mirror image of each other in terms of floor plan so the photos included are only of one of the units. A full walk through video of each unit is available on request from the agent.
This duplex on one title is an outstanding opportunity for the experienced investor seeking a higher than average return in the ever popular suburb of Bushland Beach.
Call the agent now on 0423 692 422 to discuss further.
Features
1P10130
Property ID
6
Bedrooms
4
Bathrooms
4
Garage
718 sqm approx.
Land Size
Air Conditioning
Balcony
Deck
No meters Approx.
Frontage
Fully Fenced
Area Views, Ocean Views
Other Features
Outdoor Ent
Remote Garage
Links
Brochure
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Cameron Cole
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