Positioned in a prominent Turvey Park location and within ease of access to Wagga's CBD, this multi level unit complex is a fantastic investment opportunity with existing leases in place and potential to further develop and renovate on the block.
For those looking for a quality investment addition to an existing portfolio or wanting to pursue a different investment venture, this complex is one to run your numbers on.
Key Property features include:
• 3 x 1 bedroom units and 1 x 3 bedroom unit
• Three bedroom unit would make a great home, office and or studio space for those wanting to run a business from the building.
• All units have current leases in place to long term tenants with decent return on investment.
• Current rental income $870 per week with further room for movement in the current rental market.
• Potential to increase rent return to $960.00 p/w, based on current market conditions.
• Additional opportunity to increase return through renovations and unit upgrades.
• Located close to prominent school catchments, parklands, recreational facilities, direct access to the CBD and medical precinct.
• Situated on a 999sqm block.
• Access to carports via Heath Street and single lock up garage allocation for 3 bedroom unit.
** Expressions of Interest close Thursday 25 November, 2pm **
Rates: $5,313.54 p.a.
Land: 999 sqm
