Well positioned corner block on 2 registered lots. Only 5 kilometres from the CBD! Invest now, renovate and increase yields or potentially develop later, the choice is yours.
44 EDMONDSTONE ST, NEWMARKET (16RP18686)
Zones / Overlays: LOW-MEDIUM DENSITY RESIDENTIAL AREA LMR, GRANGE DISTRICT LOCAL PLAN
* 809sqm total land size(approximate)Zoned RB3
* 7 flats in total- All currently tenanted
* 3 x 1 bedroom each with 1 bathroom
* 1 x 3 bedroom with 2 bathroom
* 3 x 2 bedroom with 1 bathroom
* Car accommodation for vehicles
* Total gross return of approximately $88,000 per annum
* Positioned in the hub of popular Newmarket
* Close to all amenities
Unit 1- $305/week
Unit 2- $275/week
Unit 3- $235/week
Unit 4- $195/week
Unit 5- $215/week
Unit 6- $250/week
Unit 7- $225/week
