Entire Boutique Block with Investment Essentials
41 Gracemere Street, Newmarket
Investors, SMSF and companies will be highly impressed with this boutique complex of three Flats that represents a value-packed opportunity earning excellent cashflow. The property is well appointed with some recent modern upgrades and all apartments are in great condition and currently tenanted.
This newly painted block is made up of two X 2 bed flats and a single bedroom Flat. All are in great condition with air-conditioned living spaces, polished flooring and modern gas kitchens. There is also underhouse garaging for each property, as well as a shared laundry and storage area.
The property sits on a large 627sqm level block with spacious front and back gardens that have been professionally maintained. It offers a superb income generating prospect with returns of approx $44,720PA and potential to increase revenue through renovation or further development (STCA).
Features include:
Two X 2 Bedroom and One X 1 Bedroom Flats
Fresh & bright interiors, one with a newly renovated kitchen
Current annual income of $44,720.00
Well-appointed throughout and presented in great condition
A large 627sqm level block with spacious front and back gardens
Underhouse garaging for each property plus laundry and storage
Walk to Newmarket station, local schools, shops and Wilston village
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