Garbutt QLD 4814

Property Details: • Type: Duplex

• Bedrooms: 4 • Bathrooms: 4

Description: Discover a superb investment opportunity in this modern duplex, built in 2017, which features two identical units. Each side of the duplex offers two bedrooms and two bathrooms, complete with a single lock up garage. The interiors are designed for comfort and ease with tiled flooring throughout the main living spaces and plush carpeting in the bedrooms. The first bedroom boasts an ensuite adding a touch of privacy and luxury while both bedrooms are fitted with built in robes for ample storage. The heart of each unit is the open plan kitchen, dining, and living area which flows out to an inviting covered patio courtyard ideal for relaxation or entertaining. The kitchen is equipped with modern appliances and ample cupboard space. Additionally, each unit is fully air-conditioned to ensure comfort throughout the year and laundry facilities are conveniently integrated into the garage area. Positioned on a corner allotment, the left side of the duplex enjoys a substantially larger yard than typically found in similar duplex designs. The corner position also offers the potential for side access through to the backyard, ideal for storing a trailer, boat, or additional vehicle. From an investment perspective, these units are currently leased through Defence Housing Australia (DHA), providing a stable rental return of $510 per week per unit, totalling $1,020 per week. The DHA lease remains in place until November 2026, offering peace of mind with a secure long term tenant. DHA have offered a 6 year extension to the lease which would bring the new lease end date to November 2032 with a variable extension period of 3 more years. At the moment there is an option to purchase this duplex with the DHA lease ending November 2026 or with an extension of the lease to end on November 2032 with an additional 3 year option. This property is an exceptional choice for investors seeking a hassle free addition to their portfolio with guaranteed returns and a quality build in a desirable location.