Tightly held, blue chip investment block of 8 units comprising of 6 x 2 bedroom & 2 x 1 bedroom units in prime location sitting on a healthy 740sqm block of land. Some standout features include:
- 6 x 2 bedroom & 2 x 1 bedroom units
- All with spacious living areas
- Most units have large, updated eat-in kitchens
- All units have internal laundry’s & balconies
- Solid full brick construction
- 3 garages & 5 carspaces
- R4 high density zoning
- Frontage: 15.24m – Land size: 740sqm
- Potential gross return of 6.8% based on projected rental return
The property is under rented and has an existing annual rental income of $102,180 (unit 2 is vacant) with potential rental upside to increase rents in line with market and current demand to $173,680 (conservatively)
Golden opportunity for the astute investor to capitalise on this affordable offering and reap the rewards to unlock this properties potential.
Outgoings:
Council rates: $7,100 p/a approx
Water rates: $10,000 p/a approx
CONTACT: Marc Dissinger 0413 750 868 or marc@ralphfirst.com.au
