Investors take note this one is for you.
Loads of potential here to possibly redevelop in the future STCA as the current building sits at the front of this block and there is quite a bit of land at the rear. This may mean you could benefit from holding income while the redevelop?
The current property configuration is 2 x 2bedroom apartments each with their own kitchen, bathroom and lounge room (mirror images of each other).
There is under cover parking for each apartment under the building as well as laundry and storage.
Currently rented out to good long term tenants for a combined weekly income of $435pw means a healthy gross ROI approaching 7% is very achievable for this property.
This one is sure to be popular so book in a private inspection today by calling Justen Tillman on 0412 262325.
