Sold as a package of 3 units, $260K each - Total Listing Price $780k.
This is an income of $48,360yr - 6.2% gross return with room to increase.
In a complex of 5 Units, there is value in this solid block building in the main street of Ayr.
Motivated seller has instructed that all written offers be presented for immediate consideration. Please contact agent for additional photos, seller's disclosure and due diligence, and inspection. Information will be made available. Current total rent received is $930pw on fixed term tenancies. Tenants willing to stay.
Property Highlights:
Unit 1 - 2 Bedrooms + 1 Bathroom + 1 Carport + back courtyard Fixed term tenancy $310pw (Lease term expires 31/08/26)
Unit 2 - 2 Bedrooms + 1 Bathroom + 1 Carport + back courtyard Fixed term tenancy $310pw (Lease term expires 01/06/26)
Unit 3 - 2 Bedrooms + 1 Bathroom + 1 Carport + back courtyard Fixed term tenancy $310pw (Lease term expires 03/09/26)
*Council rates - $4,854.39 per half year for the 3 units
* Walk to CBD and shops (Woolworths/Coles, Butcher, Deli, Cafes, Bakery,
Pubs, Fashion & Gift, + more)
* Minutes to Primary & Secondary Schools
* 15min to Alva Beach
* 20 Minute drive to enjoy Fishing, Crabbing, Prawning
* Minutes to all Sporting facilities
* No body corporate
Be the first to enquire to secure this outstanding Investment Property. Call Raine & Horne today to make an inspection time.
"This Office and its Agent provide no guarantees or undertakings concerning the accuracy, completeness, or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence"...
