Positioned on a level 656m2 block within easy access to local shopping complex, freeway access and Dapto Mall. This complex of 4 strata titled units offers a rare investment opportunity with existing leases in place and potential to further develop and renovate the units.
Having been owned by the same owners for 19 years this complex is a proven quality investment and would be a great addition to an existing portfolio or for those wanting to pursue a self managed superfund.
KEY PROPERTY FEATURES INCLUDE
• 3 x 1 bedroom and 1 x 2 bedroom STRATA TITLE UNITS (so you can sell them off individually in the future if you like)• All units have current leases in place with some long term tenancies. Two of the 4 tenants having leased their units for nearly 22 years & 8 years.• Current combined rental income of $1,200pw ($62,400pa)• Additional opportunity to increase return through renovations and unit upgrades.• Located close to local shopping complex, parklands, freeway, golf course, and short walk to Dapto CBD and train station.• Situated on a level 656sqm block with 189m2 of unit living.
For further details please contact Tracey McDonald on 0404 033 533 or Cliff McGrath on 0419 123 701
