Maroochydore 1 And 2/16 Thomas Street

Set on a 577m2 block, this phenomenal duplex pair offers genuine dual income and dual living opportunities. Located just a block from the River and the Chambers Island foot bridge, the pair offers a fantastic opportunity to add value and maximise return in a hotly contested pocket. Individually titled, there is a mirage of opportunities at your fingertips.

The block is zoned medium density with an 8.5m build height so there are options to secure the land with a fantastic holding income while you create plans for your future development or even luxury dream home. With low outgoings, the pair have just shared insurance between the 2 but can be set up as a small lot scheme moving forward if you wish.

Unit 1 is located to the front of the property and is original in design with 2 bedrooms, bathroom as well as additional storage area/ home office to the side. To the rear of the block, unit 2 offers a similar layout but has been given a facelift with fresh paint, new flooring and curtains during the last tenancy change over. There are also 2 covered areas for car parking and fully fenced rear yard.

This property offers a truly unique opportunity for those looking for a fantastic reno project or those investors looking for a great income generating asset. With leases in place to August, the home currently grosses $39,000 annually with plenty of options to increase that yield.

Strata Titled Duplex Pair Close To The River2 x Two Bedroom, 1 Bathroom Low-Set UnitsRental Yield Of $360 & $390pw With Options To Increase577m2 Block Zoned Medium DensityOne Block To The River & Chambers Island FootbridgeWalking Paths & Buses to Cotton Tree & Town
** Please note that unit 2 is only available to view with prior registration and 24 hours notice. Advertised open times are to view unit 1 only.

Property Information

• Land area approx 577sqm

Property Features

• Carports 3