143 East Street

The Gap QLD 4825

713 m²

Block of units

Currently for sale - view listing

Overview

Three Units. One Address. 9.2% Gross Return.

Positioned on a corner allotment of East Street, this well-maintained complex comprises three one-bedroom units, each offering its own undercover single car space, private outdoor areas and storage. Each unit is also equipped with split-system cooling and security screens for added comfort and practicality. The complex has recently been freshened up, with Units 2 and 3 receiving internal paint. Unit 2 also features an updated kitchen, while all units have had new flooring installed in the bedrooms. External improvements include new Colorbond fencing to the street frontage. Each unit enjoys two private outdoor spaces, with a garden-fenced courtyard to the front and a Colorbond-fenced courtyard to the rear, providing each tenancy with its own defined outdoor areas. To the right of the complex carports is an additional fully fenced private area, complete with its own garden shed, providing further secure outdoor space and storage. With all three units currently tenanted through to 2027, the property generates a combined rental income of $46,820 per annum, representing an attractive 9.9% gross return. A solid multi-unit investment with established tenancies, recent improvements and income already in place. Disclaimer: 4825 Realty has taken reasonable steps to ensure the accuracy of this advertisement. However, as much of the information has been provided by third parties, we accept no responsibility and disclaim all liability for any errors, omissions, or inaccuracies. Prospective purchasers should conduct their own enquiries, inspections, and seek independent legal advice.