16B Spruce Street, Loganlea

Dual Occupancy, why settle for one income when you can have TWO!

Both units are currently tenanted and offer a fantastic opportunity for the astute investor. Being just 3 years old, this property has plenty of depreciation benefits left and is situated in a sought-after location, with an abundance of infrastructure on its way to the area!

I N S I D E
Unit 1:
~ Open plan kitchen, dining & living space (with air-conditioning & ceiling fan)
~ Well-appointed kitchen with electric cooking & dishwasher
~ Main bedroom with ensuite, large built-in closet & ceiling fan
~ Two more bedrooms, both with built-ins & ceiling fans
~ Main bathroom with bathtub & separate toilet
~ Storage cupboards
~ Outdoor alfresco, with oversized backyard
~ Single lock up remote garage

Unit 2:
~ Open plan kitchen, dining & living space (with air-conditioning & ceiling fan)
~ Well-appointed kitchen with electric cooking & dishwasher
~ Two bedrooms, both with built-ins & ceiling fans
~ Main bathroom with bathtub & separate toilet
~ Storage cupboards
~ Outdoor alfresco, with oversized backyard
~ Single lock up remote garage

H A L L M A R K S
~ NO BODY CORP.
~ One Council rates notice.
~ Units separately metered for Electricity & Water. Full consumption can be charged back to tenants.
~ Large fully fenced yard spaces
~ Potential for side access into backyard of both units
~ Security screens to windows and doors throughout

T E N A N C Y
~ Currently achieving a combined rent of $720p/week
~ Rental appraisal in current market: Estimated at $840 p/week
~ Unit 1 lease expiry: January 2024
~ Unit 2 lease expiry: September 2023

A full list of outgoings is available upon request.

T A Y L O R 'S Comments:
"These properties with dual incomes are very much the desired investment in Loganlea at present, as the strong yields prove too good to pass up! This one is sitting around the 5% and in the current market has the potential to be increased at the next lease renewal. The location is walking distance to everything, including a bus line which takes you to the nearby Logan Hospital, Griffith University & Loganlea Train station, it is sure to impress those looking for a long-term hold prospect!"

L O C A T I O N
Walking distance to bus stops & parklands. Logan Hospital, Griffith University, Logan Tafe & Meadowbrook Shops, all within 7-minute drive!

We welcome your attendance at an upcoming open home! Whatsapp/Facetime walk-through available on request.