These buildings are in a prime location and feature twelve studio apartments comprising of one bedroom, one bathroom plus kitchenettes.
The double brick construction with a sturdy concrete slab also includes a sundrenched yard for all occupants to use and enjoy. This is a fantastic option to benefit from the income of two separate dwellings, the current rental return here is $196,040 per annum with great scope to improve.
The property is ideal for those seeking a high yielding cash flow investment or addition to a self-managed Super Fund. Whilst the property can be held as is it also has the bonus of future upside by adding to the existing improvements or benefiting from proposed future NSW Government rezoning.
- Current return is $196,040 per annum and could easily be improved
- Well maintained floorplans featuring subtle period charm
- Double fronted block (Consists of two separate buildings)
- Total of twelve (12) studios consisting: 8 studios in separate two storey building & 4 studios in charming period terrace
- Access to common area with ample parking
- Two storey solid brick building enjoying minimal stairs
- Ideal investment or Self Managed Super Fund addition
- Great opportunity to add value by extending or refurbishing the existing buildings
- Perfect cash flow purchase on large block of approx.747sqm on two separate titles
Outgoings: Water: $2,477.93 per quarter Council: $1,966.00 per quarter Land Tax for 2024: $35,326.65 (on a single land holding basis)
Henry Burke 0418 23 86 36 Craig Pontey 0419 40 40 40
