Built to stand the test of time this block of brick units creates a unit opportunity being bought to market for the first time since being built. With a durable design, central location and minimal maintenance these units present a true set and forget money maker.
All units include:
- Integrated living and dining area with fans, some units with air-conditioning.
- Private front courtyard for alfresco dining.
- Generous kitchen with natural light, storage and upright electric stove.
- Spacious main bedroom with built in robe and fan.
- Second bedroom with built in robe and fan.
- Bathroom has corner shower, toilet and vanity.
- Separate laundry with sink, storage and rear access to clothes line.
- Shared drive way with a carport for each unit.
- Internal brick for maximum durability and low maintenance.
The numbers:
All units currently tenanted with long term tenants who look after the units perfectly.
Current gross annual return approx $66,300.
Rental appraisal - $480-$520/week - would take this to excess of $100,000 annually.
With local vacancy rates remaining very low and property prices continuing to grow this is idyllic timing to ensure your future and lifestyle with this important investment.
For more detailed information please contact Mark and Kynan today.
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