Property

Description

Tightly held, blue chip investment block of 9 units comprising of 7 x 2 bedroom, 1 x 3 bedroom & 1 x 1 bedroom units in prime location sitting on a healthy 961.1sqm block of land. Some standout features include:

- 7 x 2 bedroom, 1 x 3 bedroom & 1 x 1 bedroom units
- All townhouse style (2 levels) with own private entrances
- All with open plan living & dining areas
- Most units have updated kitchens, some have older style kitchens
- All units have older style bathrooms
- All units have internal laundries
- Solid full brick construction
- 8 units have allocated parking (potential for more)
- Zoned: R3 medium density residential
- Frontage: 15.24m – Land size: 961.1sqm
- Only 550m to Wiley Park shops & train station
- Potential gross return of 6.5% based on projected rental return

The property is under rented and has an existing annual rental income of $186,160 (1 x 2 bedroom unit is vacant) with potential rental upside to increase rents in line with market and current demand to $234,000 (conservatively)

Golden opportunity for the astute investor to capitalise on this wonderful offering and reap the rewards to unlock this properties potential.

Council rates: $8,208 per annum approx.
Water rates: $10,296 per annum approx.

CONTACT: Marc Dissinger 0413 750 868 or [email protected]

• Floor Plans