Property

Description

Tightly held, blue chip investment block of 8 units comprising of 8 x 2 bedroom units in prime location sitting on a healthy 1,011sqm block of land. Some standout features include:

- 8 x 2 bedroom units
- All with spacious living areas
- Most units have large, updated eat-in kitchens
- All units have internal laundry’s & balconies
- Solid full brick construction
- All units have allocated parking
- R4 high density zoning
- Frontage: 14.77m – Land size: 1,011sqm
- 800m to Lakema train station (soon to be completed metro line)
- Potential gross return of 6.5% based on projected rental return

The property is under rented and has an existing annual rental income of $153,920 with potential rental upside to increase rents in line with market and current demand to $208,000 (conservatively).

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

Outgoings:
Water rates: $11,439.60 per annum approx.
Council rates: $7,472 per annum approx.

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

• Floor Plans