22 Alexandra Street
Balmoral, QLD 4171

Overview

Duplex on 556m² | Dual Income with Broader Future Options

This property presents a unique opportunity to acquire a dual-income duplex situated on a substantial 556 square meter block in one of Balmoral's most sought-after streets. The site features two fully self-contained units, each comprising two bedrooms, a bathroom, dedicated car accommodation, and separate entryways, all consolidated under a single title.

Currently, the combined rental income from both units totals $1,020 per week, equating to an annual income of $53,040. Secure tenancies are in place until late 2026, providing a steady income stream for investors or those planning future developments.

The property offers versatile potential for a variety of buyers, including investors seeking a high-yield asset, builders interested in redevelopment opportunities, or owner-occupiers considering a new home build. The scale of the land, combined with its location and income base, supports multiple future options, whether retaining the duplex as an investment, upgrading the existing structures, or exploring redevelopment possibilities.

Located just moments from Oxford Street, the property benefits from convenient access to public transport, reputable schools, parks, and a range of lifestyle amenities, making it an attractive proposition for tenants and future residents alike.

Prospective buyers should be aware that if demolition or partial demolition of any building or structure is intended, professional advice should be sought regarding the age of the buildings and compliance with the City Plan 2014 requirements.

This property is offered for sale by public auction, and as such, a price guide is not provided. Any information available is general and should not be relied upon as an indication of the seller's minimum or expected selling price. Buyers are encouraged to conduct their own due diligence, including inspections, searches, and legal advice, to make informed decisions.

Location