Centrally located just a short 3-minute drive from the town centre, this art deco complex has an estimated return of $44,200 - $48,880 PA, offering an unparalleled chance for investors.
Situated on an expansive 1,021sqm block of useable land, this complex has been meticulously maintained. Recent upgrades include fresh interior and exterior paint, new gutters (installed within the last 12 months), solid block external walls and renovated kitchens.
Additionally, the property features two separate sheds (one with water supply) to the rear of the property along with dual side access to either side of the property.
The upper level encompasses a spacious 2-bedroom unit with stunning timber floors throughout. The generous living area has the potential to be easily converted into a third bedroom. This unit also offers a private rear patio and front, adding to its already abundant charm. This unit presents an estimated rental return of $320- $380 per week.
Downstairs, there are two additional units. One comprises 2 bedrooms, 1 bathroom and has been fitted with fresh vinyl flooring, projecting an estimated return of $280 - $320 per week. The second unit consists of 1 bedroom and 1 bathroom, with an expected return of $250 - $270 per week.
Set on one title, opportunities like this are incredibly rare, as standalone properties are typically held tightly and rarely become available. With an impressive return on investment ranging from 10% to 12%, theres no reason to delay.
For more information or to book a private inspection please call Kate Fern on 0477 701 502.
Units are currently empty and some photos have virtually staged furniture.
