Generating 3 separate incomes in the increasingly popular suburb of Herne Hill block this property has loads of potential! Set on one title this property will appeal to those seeking a high return investment- with minimal out goings and represents a great addition into a self managed superfund. All have been externally painted within the past 5 years.
The front house, unit 1, has recently had a new roof and a new split system installed. With three bedrooms and 2 bathrooms its currently rented at $350 per week. While units 2 and 3 have one bedroom they also have separate lounges, kitchens, bathrooms and laundries. The garage is currently used by unit 3 with undercover car spaces available for each of the residences. Rents enjoyed for these units are $220 and $210 per week respectively representing an unprecedented 5% return across the block. Add to this the potential growth in property prices in Herne Hill with its close location to transport , local schools and a 5 minute drive to the ring road, this property represents a very attractive investment! In addition to the exceptional location, you could potentially strata title the units (STCA) or improve the interiors which could further add to increased incomes.
The potential is up to your imagination!!!
Due Diligence checklist are available at www.consumer.vic.gov.au/duediligencechecklist
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