32 Herbertson Street, West Gladstone, Queensland 4680

$165,000

Date listed: 23/5/2019
Duplex 4 2 2
 

BARGAIN DUPLEX - 8.8% PROJECTED GROSS RETURN + GROWTH

Conveniently located in one of West Gladstone's sought after pockets, this highset duplex is giving an astute investor the opportunity to purchase with the prospects of solid capital gains to be made, and returns on the rise - current rental appraisal is at $280 per week for the pair. That's an 8.8% gross return and if you take off the rates of approximately $4500, that still gives you 6%. In a market showing 4% returns on average, and moving up, you'll remain ahead of the pack in return and capital growth. With talk of possible changes to negative gearing, you'll benefit by buying now and keeping the tax incentive with the grandfathered exemption. With the bottom of the market here right now, the only way is up! For the savvy younger buyers, live in one and rent the other one to pay your dual home and investment off sooner. Each unit features polished timber floors, bathroom, two bedrooms. Open plan kitchen with separate stove plus cupboard and bench space, adjoined the combined dining and lounge areas. It's elevated position offers some great views over West Gladstone and Mt Larcom, to the northern end of the Gladstone harbour. Undercover parking for each unit and side access for extra storage if you want to make further use of the land at the rear. Within walking distance to Stockland Shopping Centre, local shops down the road, the GP Superclinic, Gladstone Racecourse and nearby schools.
With the market offering the best value for money and great buying conditions at the moment, now is the time to invest. Call Shane now to grab this opportunity with both hands.

Property Type
Duplex
Bedrooms
4
Bathrooms
2
Car Spaces
2
Property Status
Under Contract
32 Herbertson Street
West Gladstone
Queensland 4680
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