This centrally located duplex boasts a forecast return of $400 per week (one flat currently leased for $200 pw, one vacated just days ago after a tenancy paying $200 pw) and an excellent rental history due to high demand from tenants looking for affordable accommodation near the city centre.

Solid brick based fibro construction allows tenants parking space for at least 2 vehicles downstairs as well as a substantial amount of additional storage space in the stairwell. Upstairs there are single large living areas, 2 spacious bedrooms and a bathroom with shower over tub. The kitchens are older but fully functional. Each side has a private laundry and clothesline.

Excellent prospect for landlords looking for high returns - at the asking price this equates to an 8.38% gross return per annum.

Land size over 900 square metres allows you plenty of space for future development - one idea would be the construction of rear decks which could substantially increased rental value.

Council rates for this financial year are approximately $2530.

Owners are keen to negotiate and will consider offers.

For more information, contact Angus McKimm on 0438 425 176.

Excellent return of $400 per week (One leased for $200 per week, one recently vacated after lease of $200 per week)

Central position, just 2.5 blocks from Grafton Shoppingworld