Solid Investment + Subdivision Potential
Located in a popular suburb this renovated unit block offers a strong investment opportunity. To be sold in one line the 1550m2 block has the potential to Strata Title and sub divide at rear (STCA). Schools and the lake are nearby and there is a bus stop at the door. This is an excellent opportunity.
* 4x2 bedroom units to be sold in one line.
* Brick veneer and tile roof on large 1550m2 block.
* 3 units fully renovated and 1 unit partly done.
* All units have built in robes and internal laundries.
* Each unit separately metred for water and electricity.
* Fully occupied rental return of $65,260 per annum (approx).
* 1 lock up garage and 4 carports. 2 store rooms.
* Potential to Strata Title and subdivide (STCA).
* Flexible terms with 42 day settlement.
* Pest and Building reports available.
Council Rates: $2,422 PA approx
Water Rates: $1756 +Usage PA approx
Rent: $1255 PW ($65,260 PA) approx
Lot/Plan No: 3/DP246083
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