Unit 1 & 2/4 Barrallier Place, Cranbrook, Qld 4814

Two Exceptional Investment Opportunities with No Body Corporate Fees!

Discover a remarkable investment opportunity in the heart of Cranbrook with this spacious duplex, featuring two units, each offering 2 bedrooms and 1 bathroom. Currently generating a strong rental income of $610 per week, this property comes with leases secured until January 2025 and June 2025, ensuring long-term stability and consistent returns.  Rent will be increased in apartment 2 on 16 October 2024, to $365 per week., providing an increased weekly return of $675.

Set on a generous 812 sqm block, this duplex is designed for privacy and space, featuring large open-plan living areas, fully fenced rear yards, and a recently renovated bathroom on one side, enhancing its modern appeal.  .Rent has been appraised at $365 to $400  per side, with current rent being $300 and $310.  Apartment 2 is due to be raised to $365 on October 26th and apartment one can be raised in January to $365 of whatever is the market rate at that time, which we would expect to be higher.

Built in 1974, this well-maintained property is ideally positioned near key local amenities, including quality schools, Lavarack Barracks, Townsville Hospital, and James Cook University. This makes it a sought-after location for tenants. With half-yearly rates of just $3,505 and no body corporate fees, it's a low-maintenance, high-demand investment.

Whether you're expanding your portfolio or seeking a solid, reliable investment, this duplex offers excellent rental potential and long-term value.

Proudly presented by Simone Corrigan | 0409 461 319.