Ideal investment opportunity for the savvy investor seeking steady cashflow in a town which has huge upside potential.
This well-maintained block of 4 units on one title has only had two owners since it was built in 1972. Ramsay Apartments are attractive to tenants due to their convenient location opposite One Stop Shopping Centre and short walk/drive to the Westlands Shopping Centre precinct.
** UNIT 4 PHOTOS DISPLAYED **
** INSPECTIONS BY APPOINTMENT ONLY DUE TO TENANCIES **
ALLOT: 842 M2 EQ BUILD: 232 M2 OCCUPATION: RENTED
C/RATES: $3,619 PA W/RATES: $176 PQ
Annual gross income of $53,040 pa
Each unit offers:
- Open plan living and dining
- 2 bedrooms (each with built-in robes)
- Bathroom with shower and laundry facilities
- Units 3 & 4 recently renovated (including new kitchens)
- Unit 1 recently had a full interior repaint
- Reverse cycle heating and cooling in all units
- Electric hot water services
- Secure off-street rear parking (with electric gate) and shade sales
- Unit 2 has its own driveway and undercover park
Add further value by subdividing the 4 units on one title into 4 individually community titled units (STCA) and selling them individually later. Preliminary subdivision approval has previously been granted by the Council (but has now expired). The firewalls needed to complete the subdivision have since been installed in the roof cavities saving you money.
Laugh all the way to the bank with this blue-chip investment.
RLA110
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