This block of three units all on one title is close to shops, entertainment and public transport has enjoyed long term tenancies and next to no vacancies. A perfect investment this property would make an excellent inclusion to any portfolio. For sale in one line you have the option to strata-title later and sell individually or hold as a complex.
Rental Income Unit 1: $290/wk for 3 year lease, Unit 2: $250/wk, Unit 3 $260/wk
Total Weekly Income - $800
Annual Rental Income - $41,600 per annum.
Total Insurance - $2,401 per annum.
Total Council Rates - $6,294 per annum.
Each unit consists of:
- Secure entry way and front patio area.
- Open plan lounge with access to the rear courtyard.
- Galley kitchen with plenty of bench and cupboard space.
- Two bedrooms with aircon and built-in robes.
- Bathroom with roman bath and shower, separate toilet.
- Airconditioning, security screens and lockable storage areas.
- Off street access and low maintenance gardens.
- Private rear courtyard.
The complex has been repainted and various renovations have already been done to modernise and upgrade the units.
Unit 1 is currently rented fully furnished and furniture package will be sold with this property.
Unit 2 and 3 are rented to 12 month leases.
With Warrina Shopping and Entertainment precinct just across the road this complex is a super-convenient location for tenants. You could live in one and rent the other, or keep all three as a high-demand rental asset.
