Superb permanent residential investment of 6 brick two bedroom units - with DA Approval FOR 8 LUXURY TOWNHOUSES.
The complex sits on a corner block of 1135sqm of land, offers car accommodation for 6 with two garages and four carports, and is literally a 50 metres stroll across the road to the beach and 150 metres to the local shops including IGA Supermarket, Chemist, Bottle mart, Takeaway and Doctors Surgery.
The site offers great ocean views and is located directly opposite one of Batemans Bay most popular patrolled beaches, Surf Beach.
This is a rare investment with huge future potential in the years to come to capitalize on land.
All six units are currently leased as follows with real potential for maximisation of the weekly rent at the end of the lease terms;
Unit 1 - $280 per week
Unit 2 - $230 per week
Unit 3 - $330 per week
Unit 4 - $240 per week
Unit 5 - $330 per week
Unit 6 - $270 per week
Total gross weekly income = $1680 per week. ($87360 per annum)
For a copy of the DA, plans and current lease details please contact the exclusive selling agent Aristotle Stavros 0408 612 914
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