Gross rent income of $161,200 pa showing 13.5% return on investment.
This property has been tightly held in a family portfolio as a jewel in their crown of income.
Due to retirement and relocation, this investment opportunity is now available to be purchased.
Situated on approx. 2000 sqm of land is a collection of 9 dwellings all securely leased.
Generally described as transportable dwellings, they have been refurbished and are quite sort after showing minimal vacancy rate.
What we like about this property:
? Location adjacent main street
? Fenced allotment
? Landscaped
? Multiple income stream from 9 tenancies
? Appeals to corporate tenants and sole occupiers.
? Attractive rent return
? Rent amounts reflect current market conditions
? Township region as low vacancy rates
It is rare to see genuine high return residential property come available, this is an easy property to own generating great income.