Sensational six-unit investment opportunity
Boost your investment portfolio six-fold with this serene solid-brick block of units, enviably located in idyllic Willsmere Village with shops, cafés, cycling trails and city buses at the doorstep. Currently tenanted in five of six units, the potential is clear for those seeking a fantastic foothold in the rewarding inner-east.
The double-storey building is home to six large three-bedroom units; all but the first unit currently tenanted for a healthy rental return on top of outgoing costs. Owner-occupiers could capitalise on a live-in landlord opportunity, as each unit is generously appointed with a large living area, separate kitchen, central bathroom and sizeable bedrooms, plus a communal laundry to round out the block beside undercover parking spaces and additional storerooms.
This spacious corner block is approx. 791sqm, enjoying convenient dual street access via Willsmere Road and Carnegie Avenue. Tenants stroll mere metres to tranquil Willsmere Village for local shops, cafés and eateries, as well as the post office, pharmacy, barbershop, IGA supermarket, North Kew Kindergarten and more. Buses straight to the city are footsteps away, or travel down to Kew Junction for further amenities or trams to the city via trendy Richmond.
Tenants also enjoy seamless access to the Anniversary Trail, perfect for cycling down the blissful eastern suburbs or up to the scenic Main Yarra Trail. Beautiful Yarra River parkland and golfing are only minutes away, as is a wide selection of quality public and private schooling options, Swinburne University, Victoria Gardens Shopping Centre, Glenferrie Road, and direct Eastern Freeway entry.
The property is currently generating approximately $131,688.00 per annum (previously generating $159,240.00 with all properties let) benefiting from a mix of flexible lease arrangements.
