A genuine opportunity to purchase a great investment. This extremely affordable block of 4 x 2 bedroom units generating $59,800 per annum in income plus a separate vacant allotment gives scope for value adding.
805 sq metre allotment with 4 x 2 bedroom units
805 sq metre titled block
THE DETAILS:
Unit 1 - $320 per week lease expiring May 23, 2025 ? Recently refurbished
Unit 2 - Anticipated Rent - $320 per week periodic lease ? Recently refurbished
Unit 3 - $280 per week periodic lease
Unit 4 - $280 per week periodic lease
Total rent of $1,170 per week ($60,840 per annum)
Vacant allotment with scope for building either one dwelling for owner occupation or multiple dwellings for rental income (all subject to council approval).
Contact Andrew Pearce on 0419 544 251 for an inspection.