Located along the King William St valley on a few hundred metres from the Bayswater Village Precinct..
The sellers are offering a 2 storey property with 6 bedroom and 3 bathrooms split over two levels.
Could be the ideal family home offering many options on how you could use the space.
Currently leased out as 2 totally separate rentals to two separate groups of tenants and both with separate entrances.
Both are leased at a modest weekly rent of $325 per week ( under market value ) until early 2022.
If you do the math even at the lower rents it would be cash flow positive, more if you raise the rents at the end of the leases.
You have an opportunity to leave upstairs or downstairs leased which gives you between $15,000 to $20,000 per year and live in the other one.
This would be a perfect way to pay down the mortgage even quicker especially with the interest rates being so low.
Located in one of the highest blocks in Bayswater with the Bayswater village precinct just down the street.
The block size is a 526sqm land area with rear access to the property via a sealed laneway.
Ground leased at $325 pw until 03/2022
Upper leased at $325 pw until 05/2022
GROUND FLOOR
3 Bedrooms 1 Bathroom home.
Living area
Dining area
Kitchen
Tiled flooring
SECOND LEVEL
3 Bedroom 2 Bathroom home.
Main Bedroom, ensuite bathroom.
Main bedroom has 2 seperate WIR.
Bedrooms 2 and 3 have built in robes
Seperate 2nd bathroom
Open plan living
Kitchen
Large undercover outdoor timber decked alfresco with awesome views
Lane way access
Rear Single car lock up gge
Split system air-con in lounge room
Water Rates: $1377 PA
Council Rates: $2103 PA
Sewer Connected 2001
Call Steve Lay on 0419 191 100 or the Lay2 Office on 9371 1000 to view this property.
