SOLD – 4 Newlands Avenue, Petrie QLD 4502

Description

OPPORTUNITY KNOCKING!

This solid low set duplex is in the booming suburb of Petrie. Traditionally the area has been dominated by owner occupiers due to its convenient location and having all the charms and history of a small country town.

The property is positioned on a 646m2 allotment and is located in a leafy quiet area.

The duplex does require a cosmetic make over but currently offers secure tenants in each unit. With some renovations to the property, you would see a higher rental return with a potential of $850 + per week.

The cypress frame, brick walls and tiled roof make this a solid built property.

Unit 1 offers a large living room, separate dining, good size kitchen, 3 bedrooms with built-ins, bathroom, internal laundry and a single lock-up garage.

Unit 2 is a quaint 1 bedroom with carpeted lounge, reasonable size kitchen, bathroom, internal laundry and a single lock-up garage with a spacious rear yard.

There is potentially room to extend the 1-bedroom unit or add entertaining areas to each unit making them even more attractive to potential occupants and giving you the opportunity to reap the rewards.

We have recently just finished a renovation on a mirror image of unit 2 and can provide costs and picture to show what can be achieved and it was leased out at $400 per week.

Property Location

• 550m to the French’s Forest Shopping Village which offers a well-stocked IGA, bakery, chemist, doctors, takeaway, newsagency, bottle shop and more.
• 2km to Kurwongbah State School
• 8km to Petrie State School
• 2km to Petrie Woolworths
• 3km to Petrie Station
• 3km to USC Moreton Bay (Petrie University)
• 3km to The Mill Waterpark

This location offers more with only moments to other amenities such as lovely areas to walk around including Sweeney’s Reserve and the Northpine Dam which are so peaceful and green. Only a short drive to Northlakes Westfield or Strathpine Centre. The North Pine Country markets is only an 800m stroll away or a couple of minutes by car and a great place to visit, shop and enjoy a great breakfast on a Sunday morning.

Property Information

• Unit 1 currently rented until August 2024 @ $360 per week
• Unit 2 currently rented until August 2024 @ $270 per week
• MBRC Rates $953.98 per quarter
• Unity Water approx..$598.45 per quarter

Don’t miss out on this great opportunity, contact me today to arrange a viewing!

Disclaimer: H&H Residential Properties and its employees cannot be held responsible for any inaccurate details supplied here. We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers should make their own enquiries to verify the information contained herein.