7 Units On 1 Title With Strata Potential; Returning More Than 7.3%
Property ID: 18565905
Purchase Price $950K
Current Rent $70,200
Gross Yield 7.39%
Potential to Strata Title (Subject to Council Approval)
* 6 X 2 bedroom units
* 1 X 1 bedroom unit
* Fully tenanted
* Gross rental return of more than $70K p.a
* A number of long term tenants, some up to 10 years
* Undercover designated car spaces
* Modern kitchen and bathrooms
*Open plan living & dining areas
* Units are well maintained and in good condition
* Potential to strata title, subject to Council approval
The local economy is diverse with wind farming and government employment plus it benefits from it's proximity to a larger city. Vacancy rates are very low and buyer demand is currently strong.
There are Primary & Public Schools, Bus stop, Pharmacies and Banks within walking distance.
Within a 3 minute drive your tenants will have access to Coles, Woolworths, Restaurants, Cafe's, Parks, Cinemas, Australia Post, Hospital, TAFE Campus and Bunnings.
For further details call Matthew Barnes on 0430 979 900.