What a great opportunity at hand for those looking to expand their investment portfolio!. 5 well presented and low maintenance brick units with a return of 8.6%. All units are currently tenanted, with a rental income of $800 in total per week.
The units are located on a large corner block close to schools/kindergartens, pharmacy, takeaway/deli shop and transport. Each unit offers 1 bedroom, an open kitchen/living area and a good sized bathroom/laundry.
The current owners have completed a number of upgrades to the property including:
Repair and completion of firewalls
Installation of roof insulation in all units
Hot water systems replaced in units 10 and 13
New Air conditioning units in units 9, 11 and 13
Electrical work to replace old sub-boards, circuit breakers installed, external lights for each unit replaced and exhaust fans installed in all bathrooms
This is a great opportunity to start or add to an existing investment portfolio! Contact Charmaine Budd on 0428 656 181 for more information.
FOR THE INVESTOR
Current Rent Per Week: $160 per unit (with potential to increase)
ROI: 8.6%
Further tenancy information available upon request
Land: 1,330m2
Year Built: 1976
Council Rates: $1,526.88 p.a (per unit) (2022/23)
Zoning: Suburban Neighbourhood
Easements: NIL
Water available: YES
Sewer available: YES
Disclaimer: We have obtained all information in this document from sources we believe to be reliable; However we cannot guarantee its accuracy and no warranty or representative is given or made as to the correctness of information supplied and neither the owners nor their agent can accept responsibility for error or omissions. Prospective purchasers are advised to carry out their own investigations. All inclusions and exclusions must be confirmed in the Contract of Sale.
