BLOCK OF 6 X 2 BEDROOM FLATS - DECEASED ESTATE
We are pleased to offer this superb investment opportunity to the market, located in a quiet street yet close to shops and transport facilities.
* 6 x 2 bedrooms units
* 3 x under cover car spaces
* Strata approved but not registered
* Gross income $110,240 p.a. with scope to improve
* All units with refurbished kitchen and bathrooms
* Low maintenance
* Area: 726sqm approx
* Easy access to beaches, schools and Warringah Mall
An excellent opportunity for investment or strata development iwth stable tenants (all on expired leases) and assured growth in this great location.
Unit information
Unit 1, expired lease $350 p/w from 18/5/11 - no parking
Unit 2, expired lease $340 p/w from 07/5/11 - no parking
Unit 3, expired lease $340 p/w from 06/5/11 - no parking
Unit 4, expired lease $360 p/w from 16/5/11 - car space
Unit 5, expired lease $365 p/w from 07/5/11 - car space
Unit 6, expired lease $365 p/w from 09/5/11 - car space
Taxable value of land 2010: $1,046,000
Quarterly Outgoings:
Council $ 808.90
Water $1,110.55
Electricity $170.05
Inspect Tuesdays & Thursdays 1.00 - 2.00pm
Lot/Plan No: 6/SP85330