5 Banyan Street

Kununurra WA 6743

Opportunity to purchase this solid brick duplex situated in Lakeside. Both sides offer three bedrooms, one bathroom, a separate lounge room that could also be utilised as a fourth bedroom as there is also a spacious living area adjacent to the kitchen. These units have enjoyed a long rental history and are currently both under corporate leases to the same company until early 2024, each returning $450 per week. Both units have high quality steel mesh security screens to all windows to provide security for both the asset and the tenants.
The units are spacious with a practical layout and are situated on a corner block. Currently sitting on one title, potential for converting to strata title subject to relevant approvals. If successfully strata titled, the units can then be sold individually. Plenty of opportunity to improve the appeal of the units to future tenants and buyers by undertaking some cosmetic refurbishments and work to the front and back yards. Excellent opportunity to invest and enjoy the security of the corporate tenancies in place currently providing a gross return in excess of 9%.

*We have used a mixture of file photos of the units and some images have been digitally staged with furniture