An affordable and rare opportunity to secure an entire complex on a single Title, offering consistent income in a zero-vacancy market - benefit from a strong pipeline of both short-term and long-term tenants actively seeking accommodation. 158 Kroombit Street also provides exciting scope for future capital growth and increased rental income.
RENOVATION POTENTIAL
While currently fully tenanted, the complex is in need of renovation and cosmetic upgrades. With renovation works and modernisation, the property could attract an array of different tenants, significantly increased rental returns, and improve the overall value of the asset. Investors with vision will appreciate the potential to transform this complex into a more appealing and lucrative investment for the future.
Property Breakdown 14 Bedrooms, 8 Bathrooms, Shared laundry area, Off road vehicle parking:
· Units 1 & 5: 1 Bedroom, 1 Bathroom
· Units 2, 3, 4, 6, 7 & 8: 2 Bedrooms, 1 Bathroom
Current Weekly Rents:
· Unit 1 $130 p/w
· Unit 2 $165 p/w
· Unit 3 $165 p/w
· Unit 4 $165 p/w
· Unit 5 $130 p/w
· Unit 6 $165 p/w
· Unit 7 $140 p/w
· Unit 8 $165 p/w
TOTAL: $1,225 p/week
$63,700 p/year
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