Deceased Estate
Style: Absolutely fabulous opportunity. Victorian two storey terrace that has been converted into four (4) dwelling flats. Two on ground floor and two on first floor. In need of total renovation (Yes total renovation). Three (3) are currently leased returning $860 per week. The forth is currently in need of repairs before it can be leased.
Location: Superbly located just around the corner from the ever popular Norton Street with shopping, dining and entertaining facilities. Great transport and road access as well as within walking distance of the Marion Street light rail station that is currently under construction.
Accommodation: The property comprises 3 x 1 bedroom flats and 1 x 2 bedroom flat. The property can be converted back to one large residential dwelling if desired.
Land: The land measures approximately 372 square meters with a driveway for off street parking.
Summary: This property offers plenty of potential and can suit those looking for a home and income as well as those looking purely for an investment
Bring your imagination, bring your tools and most of all bring your cheque book. (Renovations subject to council approvals)
Council Rates $3,195.58 per annum approx.
Water Rates $3,692 per annum approx.
