4/507 Wyndham Street, Shepparton, VIC, 3630 - Townhouse Sold on 09 10 2020

SoldOct 9, 2020

4/507 Wyndham Street, Shepparton, VIC, 3630

Amount undisclosed

81.6 m²

Townhouse

•

30+ days on the market

Sold: Oct 9, 2020

What's around 4/507 Wyndham Street

Serviced Apartment Opposite Lake with 17% gross return

Located directly opposite Victoria Park Lake and only a few minutes walk from Sheppartons CBD, this well maintained 11 year old, two bedroom double storey apartment current used as serviced apartments offers brilliant Central Shepparton living for the owner occupier or a great investment with figures over the past two years showing a 17% gross return of around $50k p.a and a 70% occupancy rate. Features of the property include an open plan living area, ensuites and built in robes to both first floor bedrooms, (bedroom one also has a balcony with views of Victoria Park Lake) and a well laid out kitchen with gas / electric cooking and dishwasher. Theres also a European laundry, three split system air conditioners, third toilet downstairs, free wifi and the updated apartment comes fully furnished ready to move straight into or for the astute investor, ready to start generating income. Outside theres a small private and secure court yard at the front and a single car park immediately opposite the front of the apartment is also included in the sale. This apartment also has a interconnecting door way to the adjoining apartment number 5 meaning it can be rented either separately or as part of a duel tenancy which gives it the opportunity of a higher rate or occupancy and higher return than other stand alone units in the complex. On a casual basis this apartment rents for $220 a night and it can be managed either privately or by the property managers. This is a great opportunity to secure a highly profitable property so ring today to avoid disappointment.