36 Olaf Loop

Park Ridge QLD 4125

- Lot Size: 421 m? with 13.9 m frontage
- Dual Units: Two fully self-contained units, each with separate entrances, utilities, and amenities.

Unit 1 Features:

- Bedrooms: 4 spacious, carpeted bedrooms with built-in wardrobes and ceiling fans. The master suite features a walk-in wardrobe and ensuite.
- Bathrooms: 2 bathrooms, including the ensuite for the master.
- Living Area: Open-plan living, dining, and kitchen that flow seamlessly onto the outdoor patio.
- Kitchen: Modern kitchen with stylish stone benchtops, ample storage, and quality appliances.
- Climate Control: Air conditioning in both the living area and master bedroom for year-round comfort.
- Garage: Remote-controlled single garage with internal access and an integrated laundry.
- Outdoor: Secure, fully fenced backyard perfect for families and pets.
- Lighting: Modern LED lighting throughout, enhancing the home's contemporary feel.
- Rental Income: Currently leased at $525 per week, with potential for an increase to $580 per week. Lease in place until 30/06/2025.

Unit 2 Features:

- Bedrooms: 2 bedrooms, both with built-in wardrobes and ceiling fans.
- Bathroom: 1 bathroom.
- Living Area: Open-plan living, dining, and kitchen area with access to a private patio.
- Kitchen: Well-appointed kitchen with plenty of storage space and modern finishes.
- Climate Control: Air conditioning in both the living area and master bedroom.
- Outdoor: Secure, fully fenced backyard offering privacy and space.
- Lighting: LED lighting and ceiling fans throughout.
- Rental Income: Currently leased at $400 per week, with potential to increase to $465 per week. Lease in place until 18/08/2025.

Financial Summary:

- Current Combined Rental Income: $925 per week
- Potential Future Rental Income: $1,045 per week
- Council Rates: Single council rate for both units
- No Body Corporate Fees: No additional fees for the investor

Location & Growth Potential:

- Prime Location: Situated with easy access to major motorways, offering a short commute to Brisbane CBD, the Sunshine Coast, and the Gold Coast.
- Local Amenities: Just minutes from Park Ridge Town Centre, featuring major supermarkets like Coles and Woolworths, and a variety of shops and services.
- Fast-Growing Suburb: Park Ridge is a highly sought-after and rapidly developing area, making it a prime location for both investors and tenants.

Additional Features:

- Outdoor Areas: Fully landscaped gardens with an exposed aggregate concrete driveway, adding to the property's street appeal.
- Cooling: Split system air conditioning in main living areas and master bedrooms for added comfort.
- Utilities: Separate electric meters and letterboxes for each unit, ensuring independent management for tenants.

This modern, dual-occupancy property represents an outstanding investment opportunity, with a solid construction, reliable tenants, and strong future rental income potential. With no body corporate fees and stable, long-term leases in place, this property offers both immediate returns and significant growth potential in a rapidly appreciating suburb.

Disclaimer:
While we have made every effort to ensure the accuracy of this information, we disclaim any liability for errors or misstatements. Prospective purchasers should independently verify all details.