22/10 Geeba Street
Slacks Creek, QLD 4127

This exceptional investment opportunity features a spacious stand-alone duplex, one of the largest in the sought-after Parkview Gardens complex, offering approximately 97 square meters under roof. Designed for comfortable and independent living, this property is ideally positioned in a quiet, elevated location with a desirable northerly aspect and pleasant views over the gazebo and surrounding leafy parkland.

The property comprises two fully self-contained units on a single title, providing immediate rental income with long-term tenants in place, making it a perfect 'set and forget' investment in a consistently high-demand market sector.

Unit 43 offers generous single-level living of approximately 64 square meters. It features a spacious lounge area that flows seamlessly onto a covered balcony, a well-appointed kitchen with ample storage, and an open-plan living and dining zone. The bedroom includes a double sliding door cupboard and ceiling fan, while the ensuite bathroom is well-sized and includes provision for a washing machine. Carpeted flooring and security screens enhance comfort and security.

Unit 22 is approximately 33 square meters and presents a functional open-plan layout with a kitchenette, neutral tones, and timber-style flooring. It includes a spacious bedroom, a bathroom with laundry provision, and enjoys a pleasant leafy outlook.

Residents of Parkview Gardens benefit from a welcoming and social environment with access to shared facilities, including a large communal room with kitchen and dining areas, as well as a separate lounge and games space, ideal for gatherings and activities.

Importantly, while the complex is for residents over 55, ownership is not age-restricted, broadening the appeal for investors seeking a flexible and future-proof asset.

Key Features:

• Standalone duplex comprising two fully self-contained units
• Over 55's complex
• Single title ownership with both units sold together
• Strong dual-income stream with long-term tenancies
• One of the largest duplexes in the complex (approximately 115 square meters under roof)

Investment Snapshot:

• Body Corporate fees: approximately $1,860 per quarter
• Council Rates: approximately $909 per quarter
• Water Rates: approximately $748.57 per quarter
• Unit 43 rental income: $320 per week
• Unit 22 rental income: $300 per week
• Approximate gross yield: 9.5%
• Approximate net yield: 5.4%

This property is a smart addition to any portfolio, combining strong returns, low-maintenance appeal, and long-term growth potential within a tightly held community setting. It offers investors a reliable income stream and the benefits of a well-maintained, sought-after complex.

Due to the property being tenanted, inspections require 48 hours notice.

Note: Property information is sourced from reliable sources but cannot be guaranteed for accuracy. Prospective buyers are advised to conduct their own investigations. Photos are for visual reference only and may not depict current conditions, including virtual staging or furnishings.