Add A Granny Flat For Value and Cash Flow
Property ID: 15574685
Purchase Price $315K
Estimated Current Rent $310 per week
Estimated Yield 5.12%
Cost of a new Granny Flat $150K (Subject to Council approval)
Estimated new rent $290 + $270 per week + $560 per week
Estimated yield with granny flat 6.26%
Bus stop 250m
Several childcare centres within 2.5km.
10 schools in the vicinity.
Coles, Aldi X 2 and IGA are all within 2.5km.
Subway, Dominos, McDonald's, KFC, Red Rooster and Zarraffa's have all invested in the location.
Within a 10 minutes drive your tenants will have access to train stations, hospital, TAFE and University.
A $60 million upgrade is proposed at a shopping centre 1.2km from the property. This will create an additional 250 ongoing jobs.
Being located half way between 2 major centres, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in the city while taking advantage of the and easier access to the nearby major regional centres.
The region has a strong history of long-term capital growth. Vacancy rates are currently at just 2.4%.
It has a strong, diverse and growing economy with the major employers being manufacturing & retail, business & community services, construction & agriculture.
There are approximately $2 Billion worth of private and Government funded infrastructure projects proposed, approved or under construction. These projects are predicted to create approximately 10,000 ongoing jobs and thousands of construction jobs to the surrounding area.
Call Matthew Barnes on 0430 979 900 for further details and to answer any questions you have.