59 & 61 Charles Street, Parramatta Park QLD 4870

In a rare and exciting opportunity, these two properties on separate titles provide potential buyers with multiple options for lifestyle and investment, in a highly location just minutes from the CBD. The proposition comprises a 3-bedroom/1-bath house with a shed on 556m2, and a duplex of 2 x 1-bedroom units on 531m2. The properties can be purchased together and offer strong current rental returns with the potential for future redevelopment, having been previously approved for apartments.

The first property is 59 Charles St, a low-set bungalow set at the front of a 556m2 block. The 3-bedroom house is presented in very good condition, with traditional features including high ceilings, timber floors, and casement windows adding charm and character. At the rear of the block is a near-new, 88m2 council-approved shed, with clearance suitable for boat or caravan. The substantial shed comprises three bays (10m x 3m each), including one with a bathroom and kitchen.

- Charming 3-bedroom house with character features
- High ceilings, polished timber floors
- Modern kitchen and bathroom
- Air-conditioned
- Very well presented
- Substantial shed at rear
- Currently rented at $495 p/w, market rent with shed $850 p/w
- 556m2 block

The second property is 1 & 2/61 Charles St, a small duplex set at the front of a 531m2 block, with nothing at the rear. The layout of the two air-conditioned units encompasses a spacious bedroom, a modern bathroom, and a combined kitchenette/living space. Both units are currently rented with strong returns and the property offers potential for further development (STCA).

- Duplex with 2 x 1-bedroom units
- Solid block construction
- Tiled floors, fresh décor
- Modern kitchenette and bathroom
- Air-conditioned, ceiling fans, security screens
- Set at the front of block, nothing at rear
- Currently rented at $380 & $360 p/w
- 531m2 block