Bidders guide $900,000 +
Yes you read it correctly! If it is an investment you are looking for, then this property will be difficult to beat. Rare opportunity to acquire prime land with purpose built 3 x 2 bedroom fully self contained units on a generous 600m2 R1 lot with rear lane access. The options are endless and include ;
* Retain all 3 x units and enjoy immediate rental income
* Refurbish the existing units and grow income - now or gradually
* Redevelop - suitable for 2 x villa/townhouses
* Enjoy the income now and develop later
Conveniently located approximately 450m to Ettalong Beach foreshore, 1km to Umina Beach and 5 minutes' drive to Woy Woy railway station. Bus stop 30 metres away, with regular service linking Railway and Umina Beach retail centre.
Each 2 bedroom unit would rent for $300 per week in today's mark being fully self containing and in functional, original condition. Each unit is separately metered for utilities and has one carport space. There are shared shared laundry facilities at the rear of the building.
Unit 1 - currently vacant, market rent $300 per week
Unit 2 - currently leased to long term tenant @ $240 per week
Unit 3 - currently leased @ $290 per week
Council Rates:$2597.63pa, Water Rates: $699.36pa
WE WANT TO KEEP YOU AND OTHERS SAFE. PLEASE DO NOT ATTEND THIS PROPERTY IF YOU HAVE ANY OF THE FOLLOWING SYMPTOMS * FEVER * COUGH * SHORTNESS OF BREATH * BEEN TO AN AFFECTED LOCATION IN THE PAST 14 DAYS * HAD CONTACT WITH SOMEONE WITH CORONAVIRUS
4m2 RULE WILL APPLY AT ALL INSPECTIONS, PLEASE MAINTAIN SAFE SOCIAL DISTANCING WHEN INSIDE, ALLOW 1.5M DISTANCE WHEN POSSIBLE
DISCLAIMER: We have obtained all information herein from sources we believe to be reliable, however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
LOOKING TO BUY BUT NEED TO SELL FIRST? There are many options available to make this transition possible. The team at Ray White Umina Beach are here to assist and make this transition as simple and stress free as possible. Contact us to find out more.
