Kihini
LOT 2 Only for Sale!
758sqm title with 3 units fully leased showing a strong return!
Situated in Mornington Peninsula's growth corridor these three 1-2.5 bedroom units represent a strong investment offering a decent return while offering plenty of value and upside to improve returns!
Features include:
- Three units - Unit 1 is 2 bed, Unit 2 is 1 bed, Unit 3 is 2.5 bed
- All Long term tenants
- Largely well maintained
- Current Gross Return Circa $38,000PA
- Close to schools, shops and transport
- Immediate vicinity to HMAS Cerberus which is undergoing a $430 Million Dollar redevelopment
- Possibility for redevelopment (STCA)
- Explore transforming into a short stay rental property targeting the recreational fishing industry with plenty of existing open space for boat and vehicle parking!
* all figures and measurements are approximate
Contact Sean Crimmins to book your private inspection!
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.40 km | 3 | 1 | -m2 | 2024 12 16 | $650,000 | Council approved | |
 | 0.45 km | 3 | 1 | -m2 | 2024 11 10 | - | Council approved | |
 | 0.41 km | 3 | 2 | -m2 | 2024 09 23 | $940,000 | Council approved | |
 | 0.24 km | 3 | 1 | -m2 | 2024 09 15 | $795,000 | Council approved | |
 | 0.43 km | 3 | 1 | -m2 | 2024 09 04 | $605,000 | Council approved |