Perched right on the edge of the CBD in a highly sought-after pocket of Newtown on a large 1,338m2 allotment, 'Gresham Flats' is the kind of set and forget investment everyone hunts for but rarely finds where convenience meets unbeatable rental appeal.
With permanent tenancy demand, unbeatable convenience, and a solid weekly return of $1,560 with scope to increase, this property delivers both cashflow and long-term growth in a single, low-maintenance package.
With all units offering classic charm alongside practical liveability, unit 1's layout comprises of a separate lounge and dining room, kitchen, built-in bedroom, bathroom with shower over bathtub and outside laundry, unit 2 a large separate lounge and dining room, kitchen, bedroom, large study/small 2nd bedroom, bathroom with shower over bathtub and internal laundry, while units 3 to 6 all comprise of a lounge room, eat-in kitchen, bedroom, large study/small 2nd bedroom, bathroom with shower over bathtub and internal laundry. Every tenant also enjoys their own carport and a shared grassy outdoor space.
Just steps to St Ursula's College, moments from parks, cafés, the bowls club and an easy stroll to the city centre, it's no wonder these units are always snapped up quickly with high occupancy guaranteed.
Affordable, central and consistent, this is a rare opportunity to secure a character complex on the CBD fringe with dependable income and outstanding growth upside, having the option to increase rental yields in the property's current condition, or greatly increase with renovations.
- 'Gresham Flats', 6 x 1 x bedroom timber flats returning a combined income of $1,560per week
- Units 2 to 6 all offer large studies or small 2nd bedrooms, with unit 2 offering a separate dining
- Set on a large 1,338m2 allotment, each tenant has their own carport and shares grassed yard
- Situated on the fridge of the CBD opposite St Ursula's College, minutes to parks and city centre
- High occupancy guaranteed, opportunity to greatly increase rental income with renovations
- General rates $5,542.50net half yearly, water $377.40net half yearly + water usage charges
For investors seeking a secure foothold just minutes from the CBD, this opportunity is as rare as it is rewarding with endless possibilities. Inspections are by appointment only, please contact Michael Brown on 0408 065 566 to arrange your private viewing.
