Great opportunity to secure four, one bedroom units at Lock on the Eyre Peninsula. All of the properties are in excellent condition and make an ideal high yield investment for the astute investor.
With the rental yield achievable expected to be around $600 per week and with accommodation in the region in short supply and sought after by Grain Handlers, Farmers and Shearers just to name a few of the main drivers for accommodation in this location. The options are only limited by your imagination lease them vacant or potentially improve your yield by furnishing the properties. With a section of vacant land also forming part of this property there is potential for future expansion which would be subject to all the necessary consents and approvals.
The units are all located on one title which comprises of an allotment of approximately 2,018sqm. Two of the units have a stunning outlook out over the beautifully green local school oval and internally the condition of the properties is impressive with the kitchens and bathrooms all original but exceptionally well presented.
Currently the property is under crown lease but the owner is in the process of freeholding the title and the contract with the purchaser will allow for the new owner to settle on the property with freehold title.
A great opportunity for the investor looking for a rare high yield investment opportunity which is at a very affordable price, for all the details call Craig Costello of Harris Real Estate on 0448 212 066 or email craigc@harrisre.com.au
*Please note expected rental yield is an estimation only and any buyer should complete their own financial due diligence*
Specifications:
CR / 6250/892
Council / City of Elliston
Zoning / N
Land / 2018m2
Council Rates / $2271pa
Nearby Schools / Lock Area School, Wudinna Area School, Cleve Area School, Cummins Area School, Elliston Area School
Disclaimer: All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions (including but not limited to a property's land size, floor plans and size, building age and condition). Interested parties should make their own enquiries and obtain their own legal and financial advice. Should this property be scheduled for auction, the Vendor's Statement may be inspected at any Harris Real Estate office for 3 consecutive business days immediately preceding the auction and at the auction for 30 minutes before it starts. RLA | 226409
