You simply can't get any closer to the University than these two character homes next door to the Law faculty and uni gym in a reputable street and both currently fully occupied by rental students.
The properties are on separate titles but the option exists for the purchase of both by an astute developer as there are already plans drawn up to further develop the sizeable backyard into additional units. These are available to the purchaser as part of the deal.
The prime location on a flat block makes this offering highly desirable whichever way you look at it. Either restore the homes to their former glory or capitalise on a ready-made rental market guaranteed on your doorstep and utilize the sizeable block for further income. Both properties are currently rented for over $1,400 per week (combined).
The homes feature large bedrooms and a nice outlook. Every amenity is walking distance and the homes attract all day sun.
Inspection with a view to renovate or invest is a must.
