Home / Buy / Pimpama / 21 McVeigh Street, Pimpama QLD 4209
McGrath Surfers Paradise
21 McVeigh Street, Pimpama QLD 4209Under Offer
McGrath Surfers Paradise
Peter JarmerMcGrath Surfers Paradise
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Property 21 McVeigh Street, Pimpama QLD 4209 secondary IMAGE
Property 21 McVeigh Street, Pimpama QLD 4209 IMAGE

21 McVeigh Street
Pimpama QLD 4209

Under Offer

534House


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Rare opportunity! 2 Duplex Homes on 1 Title or Dual Living

Attention Savvy Investors and Buyers Looking for Dual Living Options! Presenting to the market for the very first time since construction, 1 & 2/21 McVeigh Street offers an incredible opportunity for dual living options or for the astute investor seeking a high yielding ROI. Prime location with a favourable North facing aspect this property is situated on a very quiet street in Pimpama with a newly built Police Station and Fire Station right around the corner and easy walking distance to the Pimpama Shopping Centre. Both duplexes were built in 2017 by the current owner and present in near new condition and come with statutory 7 years builders' warranty. The owners have spared no expense using quality fittings and fixtures throughout including quality tiling and carpets, stone benchtops in both kitchens and stone vanity units in all bathrooms. Both duplexes are currently tenanted with excellent tenants in place returning a combined rental income of $775 per week with a potential for $875 per week upon lease renewal which represents a gross yield of more than 5%. As both duplexes are on one title only 1 set of council rates are payable on the whole property with no body corporate fees and the option to strata title in the future. • Unit 1/21 McVeigh currently rents for $360 per week with a lease until 11/5/2022 • Unit 2/21 McVeigh currently rents for $415 per week with a lease until 11/8/2022 In the current rental market these duplexes are expected to achieve a rental return of between $400 to $425 per week for Unit 1 which has 2 bedrooms; and between $425 to $450 per week for Unit 2 which has 3 bedrooms. UNIT 1 (2 BEDROOMS) FEATURES • 2 generous bedrooms with built-in robes and ceiling fans • Large open plan tiled living area with split system air conditioning • Gourmet kitchen with granite benchtops and glass splashbacks • Neutral modern colour tones throughout to suit all décor • Full fenced with 6-foot-high fencing for extra privacy • Undercover patio area at the rear for entertaining • Easy care gardens and low maintenance grassy yard at the rear • Two-way modern ensuite bathroom with access to the living area • Single lock up remote garage with built-in laundry and sink • Gas Instant Hot Water System, ceiling insulation • No body corporate fees and all on one title (option to strata title in future) UNIT 2 (3 BEDROOMS) FEATURES • 3 generous bedrooms with built-in robes and ceiling fans • Massive open plan tiled living area with split system air conditioning • Gourmet kitchen with granite benchtops and glass splashbacks • Built-in office desk and study nook • Neutral modern colour tones throughout to suit all décor • Full fenced with 6-foot-high fencing for extra privacy • Undercover patio area at the rear for entertaining • Easy care gardens and low maintenance grassy yard at the rear • Modern ensuite bathroom with tub and shower • Single lock up remote garage with built-in laundry and sink • Gas Instant Hot Water System, ceiling insulation • No body corporate fees and all on one title (option to strata title in future) The suburb of Pimpama has seen incredible growth and development in the past few years and offers an abundance of recreational parks and green spaces. Westfield Coomera Town Centre recently opened, and the Pimpama Train Station is currently being built. This is an excellent location and everything you need is within a short walk or drive from this property. Ideally situated in the 'Northern Corridor' only 25 minutes drive to Surfers Paradise and 35 minutes drive to Brisbane City. Only minutes away from the M1 Motorway, Coomera Train Station, the newly built Coomera Westfield Shopping Centre and Pimpama Shopping Centre; and located within the Pimpama Primary College and Secondary College school catchment zone. Disclaimer All information (including but not limited to the property area, floor size, price, address, and general property description) is provided as a convenience to you and has been provided to McGrath by third parties. Consequently, McGrath is unable to definitively attest to the listed information's accuracy. McGrath does not accept any liability (indirect or direct) for any injury, loss, claim, damage or any incidental or consequential damages, including but not limited to lost profits arising out of or in any way connected with the use or dissemination of any information, or any error, omission, or defect present within the information as appearing on the Website. Information appearing on the Website should not be relied upon and you should attend to your own personal enquiries and seek legal advice (where required) with respect to any property on the Website. Please also note, the prices displayed on the Website are current at the time of issue but are subject to change.

Local market info for Pimpama

Data for House based on the past 12 month period
Median growth 0%
Median Sold Price $0
Median Weekly Rent $0
Gainsborough State SchoolKing's Christian College - Pimpama CampusLutheran Ormeau Rivers District SchoolGoodstart Early Learning Pimpama Lords Little Wonders KindergartenPimpama Early LearningNoah's Ark Preschool and Childcare Centre PimpamaCreative Minds Early Learning CentreLORDS Outside School Hours CareGreat Beginnings PimpamaPetit Early Learning Journey PimpamaKing's Outside School Hours Care PimpamaEdge Early Learning PimpamaEdge Early Learning North PimpamaYMCA Gainsborough Outside School Hours CareOrmeau State SchoolPimpama State Primary CollegePimpama State SchoolPimpama State Secondary College

Homes investor insights on
rental returns

Homes estimates a median rental return of $0 per week for a 5 bedroom House in Pimpama.

Yield 0%
Growth Pimpama* 0%

* 10 year average annual growth

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