Banaras, Lautoka

$455,000

Description

PROPERTY OVERVIEW

Secure a solid income-generating residential property under Housing Sub Lease 342833, featuring a single-storey concrete building comprising two fully self-contained 3-bedroom flats.

Situated close to all major facilities, this well-maintained property includes a concrete driveway, CCTV security system, chain-link fencing, and ample outdoor terrace and decking areas.

Both flats are currently rented at $1,900 per month each, offering immediate rental income and strong investment appeal.

PROPERTY FEATURES

Building & Land Improvements

• Single-storey concrete construction
• Main building: 153.28sqm
• Front terrace: 20.61sqm
• Side terrace: 16.25sqm
• Rear decking: 34.17sqm
• Concrete driveway
• CCTV cameras installed
• Chain-link fencing
• Cloth hoist
• Close proximity to major facilities

Flat 1

• 3 bedrooms
• Dining room & kitchen
• Lounge & dining open to front terrace
• Downlights & ceiling fans
• Kitchen with:

  • Twin bowl stainless steel sink
  • Overhead & floor cupboards with drawers
  • Tiled benchtops
  • Rangehood & pantry
    • 2 standard bedrooms with built-ins
    • Master bedroom with ensuite
    • Outdoor laundry with concrete wash tub

Flat 2

• 3 bedrooms
• Dining room & kitchen
• Lounge & dining open to front terrace
• Downlights & ceiling fans
• Fully fitted kitchen (same modern finish as Flat 1)
• Master bedroom with ensuite
• Two laundry areas
• Rear decking area
• Outdoor laundry with concrete wash tub + additional stainless steel wash tub

WHY INVEST

✔ Dual rental income – $3,800 per month combined
✔ Immediate cash flow from existing tenants
✔ Solid concrete structure
✔ Strong rental demand location
✔ Secure property with CCTV installed
✔ Close to essential amenities

Double the Income. One Smart Investment.

Location

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