A rare and highly sought after investment opportunity in the very heart of Kyneton, this exceptional property presents a secure income stream with impressive future potential.
Comprising 8 units in total (1 two bedroom and 7 one bedroom) together with 8 carparks, the complex currently returns approximately $80,000 per annum, with clear scope to increase this to well over $100,000 per annum through strategic upgrades or rental adjustments.
Seven of the eight units are already leased, underpinned by long term tenancies and reliable, quality occupants who value the convenience of this unbeatable and convenient location.
Set on a substantial allotment of approximately 1,700 square metres, the property sits moments from the town centre, hospital, schools and Kyneton railway station, making it an ideal choice for tenants seeking easy access to Melbourne, Bendigo and the wider Macedon Ranges.
Blocks of units in the core of Kyneton are exceptionally rare, and opportunities of this caliber are tightly held. Whether you are looking to secure a strong performing investment, explore renovation potential or consider future redevelopment (STCA), this is an offering that promises good returns both now and into the future.
