1&2/10 Iluka Street, Cannonvale, Qld 4802

An outstanding opportunity to expand your property or superannuation portfolio has emerged in the heart of Cannonvale. With the increasing demand for low-cost duplex properties, this offering, comprising two stand-alone residential houses, is a rare gem you don't want to miss.

Ideal for savvy investors, this property currently generates a solid gross income of approximately $940 per week ($48,880 per annum), you can simply sit back and watch your investment grow.

Alternatively, if you're seeking a place to call home, you have the option to occupy one of the houses while continuing to rent out the other for a steady income stream-the choice is yours!

One of the standout features of this property is the total control you have over the buildings. With NO BODY CORPORATE fees and just a single council rates bill covering both dwellings, this is undoubtedly one of the most attractive investment opportunities available.

Both A-frame style houses boast a practical layout, with two bedrooms on the ground floor and a versatile mezzanine level that can serve as a third bedroom or multi-purpose space. Each home is equipped with a spacious kitchen, main bathroom, and a laundry area.

The properties are fully air-conditioned and include one undercover car park per house, along with ample additional parking on the block. Each house features its own grass yard/garden, all set on a generous 891 sqm block in close proximity to local shopping centres, schools, and the Cannonvale Beach Precinct.

Currently leased to tenants under fixed-term agreements and professionally managed by Ray White Whitsunday, these homes offer a unique buying opportunity that will appeal to both investors and owner-occupiers.

For more information or to schedule a viewing, please contact the marketing agent, Adam Webster from Ray White, at 0401 235 534.