Three, one-bedroom units - so many options: live in one and collect the rental on the other two units or rent them all out and reap the income rewards!The property is positioned on a spacious corner allotment on the corner of Tietkens Avenue and Priest Street. The location is convenient to the local IGA, the butcher shop and convenience stores in the Hearne Place shopping centre. Priest Street is on the Braitling school bus route and is close to the Head Street sporting venues. The property will be sold collectively as the three units are not strata titled. Units 1 and 2 are currently leased for a total of $565.00 per week with leases ending in March and April 2022. Unit 3 is vacant. Built in 1963 of solid brick construction the units have stood the test of time but are showing signs of general wear and tear. The retro 60’s appeal is definitely there, just waiting for a polish up! This is a terrific opportunity to buy into an income stream while attending to upgrades as time and inclination permits. Units 1 and 2 are of similar style while unit 3 displays more use of timber, noticeably in the ceilings, exposed beams and solid timber cabinetry. Split system air conditioning, vertical blinds and ceramic floor tiling feature throughout. The bullnose front awnings are a neighbourhood landmark. Each unit has privacy fencing and plenty of yard space for individual off street parking. Unit 3 has a bonus 24 sq metre, high gabled, drive through, steel workshop with convenient street access off Priest Street. It comes complete with separate switchboard but not currently connected to the mains. For convenience the shed has its own ablutions with shower and toilet. The property will be sold on an as is where is basis. This is a terrific opportunity to buy into an income stream in a sought-after part of Alice. Council Rates: $5,195.04 p.a.- Units 1 & 2 currently leased, unit 3 is vacant- Potential to upgrade, extend and renovate- Large corner allotment, individually fenced- U3 has 24sqm workshop, street access, ablutions- Selling As Is Where Is - Buy an income stream!
