The opportunity has become available for an astute investor to purchase 1 Barron Lane, comprising of two modern tenanted Strata titled units. The total land area of 485sqm includes units one and two with good living space for both residents., unit 1 is currently for rent at $300 per week with a lot of interest from prospective tenants & unit 2 will be $325 per week from August, currently at $315 per week, this is subject to change and tenancy agreements.
What's the deal? Well, there is 1 x 3 bedroom, 2 bathroom, double lock up garage unit, and 1 x 2 bedroom, 1 bathroom and single lock up garage. Both units have their own private outdoor area, fully equipped kitchens complete with ample cupboards and dishwashers, spacious living/dining areas with reverse cycle air conditioning as well as in the main bedrooms. The main bathrooms have separate baths and shower while the bigger unit comes with an additional ensuite off the main bedroom. Both garage are remote controlled with unit 1 being a single and unit 2 being a double and each have separate laundry areas.
Features include;
- Modern 6 year old Strata titled duplex
- 1 x 3 bedroom, 2 bathroom, double lock up garage unit
- 1 x 2 bedroom, 1 bathroom, single lock up garage unit
- Built in wardrobes
- Air conditioning in both units living areas and main bedrooms
- Fully functional kitchens with dishwashers and stainless steel appliances
- Private covered outdoor courtyards
- Have been consistently rented over the years.
- Rental return Unit 1 - $300/wk and Unit 2 - $325/wk with room to improve that return in the current market.
- Rates - The rates are $2023.74 net half yearly for both, and water rates are $609.59 net half yearly for both.
Located in a superb location close to, schools, shops and public transport. This great investment opportunity is available NOW for you to start off your 2021 investment portfolio or add to your other investment portfolio.
