$100,000 Instant Profit Sunshine Coast
We have managed to get our hands on another fantastic duplex in Nambour on the beautiful Sunshine Coast. This Nambour duplex has an expected equity uplift / instant profit of over $100,000 and a positive rental income of approximately 5.8%. On a 677m2 corner block, this attractive well-designed property comes complete with two separate fully self-contained residences, with a common wall. Each unit has three bedrooms, two bathrooms, open plan living/kitchen, laundry, patio, and double lockup garage.
With each side of the duplex appraised at $420,000 – $430,000 you are looking at an instant profit or equity uplift of up to $120,000!!
Nambour is close to everything due to it’s central location, yet tucked quietly away in the hills from the hustle and bustle of the coasts larger suburbs. Nambour was once the Sunshine Coast’s thriving major business centre. It was the administrative centre for the region and was home to its largest hospital and government offices. But once the sugar mill closed and the Government offices moved location the population growth centred more around the beach side suburbs and Nambour became a quiet hilltop suburb. The hospital is still operational but now performs as a more specialist centre due to the opening of the Sunshine Coast University Hospital in Kawana earlier this year.
But its fortunes have been changing over the past few years and Nambour’s popularity is thriving once again. Nambour boasts one of the Coast’s highest densities of schools with 11 in the area and is on the main train line to Brisbane. The past three years has seen major developments of Coles, Aldi and Nambour Alliances implementation of creative commerce to fill empty shop fronts with a host of new businesses, restaurants, bars and cafes.
Due to this explosion of new business the hinterland now has one of Queensland’s tightest vacancy rates at only 0.9% and highest yields, meaning its highly attractive for investors.
Nambour is only a 20-minute drive to where SunCentral (the new state-of-the-art city centre in Maroochydore) is being built. This massive game-changing project will create 30,000 jobs and change the face of The Sunshine Coast.
We currently have this fantastic duplex property offering investors an opportunity to get in front of the game and create equity even without growth. They are purchased as a standard house and land package but all costs to individually title each side are included in the build contract. So this is like doing a small development but without the stress or risk involved, the builder does it all for you.
The value on completion for each side of the duplex has been appraised between $420,000 and $430,000, meaning they will have instant profit or equity uplift of up to $120,000. The cherry on top is that they should also be highly cash flow positive.
If you have been looking for a positive cash flow investment with a huge equity uplift then look no further than this Nambour duplex. Drop us a line via the form below or call Chris direct on 0434 449 455.