This rare side by side street frontage council approved dual occupancy property is a fantastic opportunity for investors, families seeking multi-generational living options or first home buyers looking for a way to supplement their mortgage repayments. The two homes have long term and stable tenants, who keep the homes in great condition. With the potential to achieve a 5.2% return in the highly sought after pocket of Killarney Vale. This is one not to miss!

Updated rental appraisal for current market conditions -
House - $460 - $480 per week
Granny flat - $430 - $450 per week

Portfolio Includes:

• Two dwellings, side by side street frontage with direct access to each, separately metered for electricity and water.
• 3-bedroom, 1 bathroom, single level home, spacious private back yard, returning $360p/w
• 2-bedroom, 1 bathroom, 6-year-old granny flat, freshly painted, with modern inclusions such as brand new cook top, LED lighting, air conditioning and ceiling fans, returning $360p/w
• Excellent long term tenants in both dwellings, current lease expires 25/7/2022
• Large grassed yards to both dwellings and adequate privacy.

Take advantage of everything the location has to offer including less than a 2.5km to Shelly beach, 1.2km to Tuggerah Lakes and the cycleway, 220m away from bay village shopping centre, surrounded by multiple public and private schools, seamless drive to the M1

View: By Appointment
Agency: Stone Real Estate
Agent: Luke Villata