Secure this fantastic yield-based investment with both hands, with a fantastic stable return. With long term stable tenants in both townhouses there is nothing to do but collect the income. These duplex townhomes are only 14 years old, built in 2010 on a single title to keep outgoings low, they make a this an opportunity not to be missed.

Situated on a large 910m2 block with a 20m frontage the value of the land of this property is already a great purchase opportunity with sub-division potential (STCA).

Both townhouses have been built to a very high standard, there are no renovations or immediate improvements required. Both properties have recently had air conditioning installed so there is also potential for a stronger rental return in future.

Income:

• 15A - $530pw until 01/07/2024 (long term stable tenant of 3+ years)
• 15B - $505pw until 06/12/2024 (long term stable tenant of 7+ years)
• Total - $53,820pa

Outgoings:

• Logan Council Rates - $4,171pa
• Logan Council Water and Sewerage Access Charges  - $2,089pa
• Water Usage Charges - $1,200pa approx (indivually metered, water usage can be charged to tenants)
• Total - $6,260

Situated in a family friendly pocket, located just 400m from Springwood State School and just 500m from Springwood Mall and Arndale Shopping Centre.

*All information contained herein is gathered from sources we consider to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.