Excellent opportunity to own a complex of 6 x 2 bedroom, 1 bathroom villas. 4 x villas have been updated to a very high standard and boast new kitchens, bathrooms, floors, and paint. They are air-conditioned and have gas hot water and cooking. All villas have a carport. The villas collectively are rented for $1,140 per week. The complex is currently fully tenanted and demand is high for rentals. The villas are on one title on a 3,224m2 corner lot.
At these figures of $59,280 per annum rent on the list price of $580,000, you are looking at a gross rent return of approximately 10.22% (based on current returns only). An excellent opportunity exists to secure these at a realistic price.
• Water rates - $6,300 (approx)
• Council rates - $9,500 (approx)
• Not Strata titled
• Zoned R30
For more information please call Adele Surtees on 0409 641 674.
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