A once-in-a-lifetime opportunity in a highly sought-after growth location, this block of 8, 2x two-bedroom units and 6x one-bedroom units are to be sold as one parcel.
This solid investment with excellent long term occupancy also offers some quick capital gains should the buyer renovate and sell some individually. Whatever you choose, you can't go wrong in this thriving location.
This is an excellent and rare Opportunity for an astute investor who recognises a rare opportunity to secure a large land holding, high rental return, opportunity to increase capital value and rental yield.
Units 1 and 2 have been recently updated. The remaining units have enjoyed long term tenancies and simply been maintained as needed over time, but there is an opportunity to update, renovate and add value.
With periodic leases in place the option to to increase the rental yield across multiple units exists which an expected return at market value approximately $115,000 annually as is.
Current return is approximately $106,000 pa.
Potential market return appraised at $115,000 pa.
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