If you have an eye for potential and growth, then you cannot miss this opportunity. On offer is a block of 4 units in a popular city fringe location offering potential growth for the astute investor. On one title with no body corporate fees, fully tenanted with solid returns opportunities like this do not come along often. Excellent opportunity for immediate investment with the potential for improvements to increase rental return.
Situated on 1,014 m2 block with plenty of room to the rear, this complex comprises of 2 x 2 bedroom units, 1 x 3 bedroom unit and 1 x 1 bedroom unit. Fully tenanted, all with leases in place until 2027 and achieving a rental return of $78,000 per annum.
While the complex would benefit from refurbishment and improvements, this presents an opportunity for buyers to add value and capitalise on the strong demand for well-located rental accommodation.
Located in the popular city fringe suburb of Belgian Gardens just minutes from the airport, Rowes Bay & Soroptimist Park, the CBD, The Strand, local shops and a choice of recreational options. This location offers a great lifestyle choice for residents.
Whether you're looking to expand your investment portfolio, undertake a renovation project, or secure a multi-income property in a premium location, this versatile block offers considerable potential in a sought after suburb.
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