7.07% gross return on asking price!
- the property has only had 2 owners in 40 years = comfortable, producing asset
- 3 x 2 bedroom units on large 1105.1 m2 (approx.) block at end of no-through street
- predominately in solid original condition with regular maintenance being carried out
- minimal vacancy factor over the years of ownership
- renovations or updating will add value and increase rental return further
- rare opportunity to purchase an entire block
- one title, single owner, no strata,
The numbers
Gross income $29,640
Council rates $3,328
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