Do not miss this exceptional chance to secure a high-demand investment or development opportunity (STCA). This block of six separately titled one-bedroom, one-bathroom villa units, each with its own private carport, is offered as a complete package. Situated on a generous 1,013 sqm (approx.) of land with dual access from both the front and rear, the property provides significant flexibility and potential for future growth.
Located within walking distance to schools, colleges, cafes, and Balyang Golf Course, this property offers unparalleled convenience. With easy access to transport, shopping precincts, and recreational facilities, it is perfectly positioned to attract tenants or buyers in the future.
This property presents multiple opportunities, whether you are looking to maintain it as a rental portfolio, develop modern townhouses, or explore mixed-use development options (STCA). Five of the six units are currently rented on periodic lease agreements, generating an impressive total rental income of over $60,000 per annum. Unit 6 is vacant, offering flexibility for the new owner to use or lease as desired.
Rental Income Details:
-Unit 1: $300 per week ($12,000 per annum)
-Unit 2: $320 per week ($13,000 per annum)
-Unit 3: $320 per week ($12,000 per annum)
-Unit 4: $320 per week ($11,000 per annum)
-Unit 5: $320 per week ($12,000 per annum)
-Unit 6: Vacant for viewing for the sale process.
This property delivers a solid income base with significant growth potential. Whether you are an investor or developer, this is an opportunity you cannot afford to miss.
