35 A & B Rice Road
Redbank Plains, QLD 4301

This property presents a compelling investment opportunity featuring a dual income duplex on a single title, free from Body Corporate fees, situated on a substantial 1012 square meter block within a rapidly expanding growth corridor.

Both Unit A and Unit B share an identical floorplan, each comprising three newly carpeted bedrooms, with two bedrooms equipped with built-in robes. The living areas are designed with functionality in mind, featuring open plan layouts and low maintenance tiled flooring. The modern kitchens are well-appointed with double sinks, electric stoves and ovens, pantries, and overhead display cabinets, providing ample storage and convenience.

The family bathrooms include a shower-over-bath configuration, complemented by vanity units offering generous storage beneath and mirrored storage above. Comfort is ensured year-round with ceiling fans and security screens installed throughout the units. Each unit also benefits from a separate laundry and toilet area with direct access to a covered entertainment space, enhancing indoor-outdoor living.

Parking is accommodated by a single carport within a fenced front yard, with additional space available to park a second vehicle inside the front fence line. The entire 1012 square meter block is fully fenced and thoughtfully divided into two distinct front and back yards, providing privacy and outdoor space for each unit.

Unit A is currently vacant, offering flexibility for new tenants and an updated rental return potential of $530 to $580 per week. Unit B is leased at $400 per week, with the lease extending until 25 May 2026, and an updated rental appraisal suggesting a potential increase to $530 to $580 per week.

With the tenant in place at the updated rental rate, the combined weekly rental income potential ranges from $930 to $980, with further growth possible as Unit B's rent aligns with current market appraisals.

The property's location is a significant advantage, offering close proximity to key amenities and transport links. It is a short drive to St Ann's Catholic School, Redbank Plains Primary School, and Redbank Plains High School. Shopping needs are met by the nearby Town Square Redbank Plains Shopping Centre. Commuters benefit from easy access to Brisbane CBD, Ipswich CBD, and the Redbank Plains Railway Station with park and ride facilities. Additionally, bus services provide convenient connections to schools, shopping, and the railway station.

This modern duplex, set on a large block in a prime growth area, represents a valuable investment opportunity. Its combination of dual income potential, spacious living, and excellent location makes it an attractive proposition for investors seeking a bankable asset in a thriving corridor.