298 Palmerston Highway

Belvedere QLD 4860

This renovated duplex is a fantastic rental investment opportunity.

This property has recently had a full renovation with fresh paint right through, new floor coverings, and new split system air conditioning throughout. The kitchen cabinets were supplied by a leading local company and all tapware and vanity cabinets are new. The plumbing has been renewed as has the electrical with all new switches, power points, and ceiling fans. Both hot water units have also been replaced. Both Laundry tubs are new and the property had a full roof replacement under ten years ago which brought them up to the current code for cyclone rating. Both units have their lock-up garages with internal access, also freshly painted. They are quiet and secure and only a 5-minute drive to the town centre.

On one title they get $300 per week each in rent and the rental market in Innisfail is currently running at almost zero vacancy. The tenant in the first unit is an older woman who keeps the property immaculately and the other tenant is on a month-to-month lease. You will get the benefit of depreciation of all the new improvements and you would expect that both rents will rise at the next review in May. With a tenant on a month-to-month lease, this allows the ability to possibly live in one and rent the other. Sitting on 809 square metres and surrounded by quality homes this is a rare find.