3/380 Douglas Road

Lavington NSW 2641

Unit

Currently for sale - view listing

Overview

THE BRIEF: Rare Investment Opportunity- Three Units, One Strata Plan!

It's Addressed: A Secure, Income- Producing Investment with Three Separate Dwellings. Investors seeking a solid, low-maintenance addition to their portfolio will appreciate this unique opportunity to acquire three well-presented units within one strata plan whilst offering immediate rental income and excellent versatility. Each unit is separately positioned with its own secure backyard, remote access lock-up garage and private living space. UNITS 1 & 2 comprise : • 2 bedrooms featuring curtains and blinds • 1 well-appointed bathroom • Kitchen is equipped with an upright cooker with gas stove top and Rangehood • Separately appointed laundry. Internal access to the secure lock-up garage. • Neutral painted interiors • Gas wall furnace heating • Reverse-cycle air conditioning • Updated Plumbing and electrical works • New ceiling fans and lights Unit 2 has been thoughtfully upgraded to cater for accessibility requirements, featuring ramp access to the front door and a renovated bathroom with a disability-friendly shower. The unit also benefits from carpet installed approximately one year ago. Both Units 1 and 2 are occupied by long-term tenants on periodic leases, currently returning $340 per week each. Rental appraised potential up to $390 per week. UNIT 3- THE LARGER HOME • 3 bedrooms all featuring built-in robes, new sheer curtains and block-out blinds. • 1 bathroom including a separate bath and shower. • Kitchen is equipped with an upright cooker with gas stove top and Rangehood • Separately appointed laundry. Internal access to the secure lock-up garage. • Large undercover entertainment area • Freshly painted interior • Gas Wall Furnace • Reverse-cycle air conditioning • Updated Plumbing and electrical works • New ceiling fans and lights Unit 3 is currently leased at $440 per week until February 2027, providing the security of a fixed-term tenancy. Rent appraised potential up to $480 per week. STRONG RENTAL RETURN The brick veneer and tiled roof complex currently generates a gross rental income of $59,280. The complex has been rent appraised to potentially earn up to $ 65,520 per year rental income. The currently self-managed strata plan offers the potential for the astute investor to maintain control over the management and minimise ongoing costs. The complex boasts the convenience of a central Lavington location within walking distance to a Primary School, High School, transport, and sporting facilities. The nearby Lavington Shopping Complex is only a 3-minute car drive away. Opportunities of this nature are rarely available. Enquire today to arrange further information by contacting Donna Duncan Area Specialist Real Estate. For more Real Estate in Lavington contact your Area Specialist. Note: Every care has been taken to verify the accuracy of the details in this advertisement, however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters