INCOME INVESTMENT + DEVELOPMENT OPPORTUNITY TO GROW YOUR INVESTMENT
2.4 Acre (9,854 square metres) zoned Low-medium density residential - appropriate for multi unit development.
Currently has 4 solid masonry block rental flats producing good consistent income all from leases. It is located on a trunk road, with 60 metres frontage, connecting the Bruce Highway with the town centre, It has excellent access and manoeuvreability. This site is also an ideal spot for motel also.
The land is improved with a double storey unit block comprising four two bedroom units each with its own balcony and single covered car space. Current total gross rents are $1,250 per week - approx $65,000 per annum. A typical floor plan is provided in the web page. The units are bright and airy and comfortable.
This entire investment has good prospect for upside. Rental growth and development potential are the levers for your success.
Give us a call to arrange an inspection. This is a unique opportunity for building your future.
