UNDER CONTRACT By Varun Pinto
We are delighted to present to you an exclusive investment opportunity in the real estate market. This property offers a range of exceptional features that make it an excellent choice for investors seeking a lucrative venture.
Key Features:
• Renovated and Well-Maintained: The property underwent a complete renovation in 2014, ensuring that all units boast modern interiors and up-to-date amenities. The units have been meticulously maintained, providing a comfortable living experience for tenants and reducing ongoing maintenance costs.
• Impressive Rental Income: Currently, the property is generating a remarkable $760 per week in rental income. This steady cash flow demonstrates the property's strong rental demand, making it an attractive investment option for those looking for a high return on investment.
• Resilience during Natural Disasters: During the devastating floods in 2019, this property remained unaffected, showcasing its excellent location and resilient construction. Such durability assures investors of the property's ability to withstand adverse weather conditions and potential damage.
• Split-System Air-Conditioning: Each unit is equipped with near new split-system air-conditioning in every room, ensuring a comfortable living environment for residents throughout the year. This feature enhances the property's attractiveness to potential tenants, thereby maximizing rental income potential.
• Spacious Living Areas: The units offer multiple living spaces, providing ample room for tenants to relax, entertain, or set up home offices. This versatility appeals to a wide range of potential tenants, attracting individuals or families seeking flexible living arrangements.
• Private Backyards: Each unit features a private backyard, allowing residents to enjoy outdoor activities, entertain guests, or cultivate their own green spaces. This added privacy and personal touch contribute to tenant satisfaction and long-term lease commitments.
• Thoughtful Unit Layout: With two bedrooms, a kitchen, bathroom, internal European-style laundry, a verandah, private access, and a backyard, each unit is designed to optimize functionality and provide a comfortable living experience. The thoughtful layout ensures that tenants have all the necessary amenities at their disposal.
• Convenient Location: Situated on a quiet cul-de-sac, the property provides a peaceful living environment away from the hustle and bustle. Despite its tranquil setting, it remains just a short walk from the main road, offering easy access to public transport options and popular schools. This prime location enhances the property's appeal and rental prospects.
• Competitive Pricing: The property is attractively priced, providing an opportunity for investors to enter the market at a favorable value. This affordability, combined with the property's numerous appealing features, makes it a compelling investment choice.
Additional Information:
• Bedrooms - Carpet, ceiling fan, split system air-condition, built in robe.
• Kitchen - Stone benchtop, Dishwasher, built in oven, electric cooktop, pantry cupboard, plenty of storage space.
• Bathroom - Walk-in shower, vanity and toilet.
• Linen cupboard in each unit.
• Cleaning locker in each unit.
• European style laundry.
• Separate electric hot water system for each unit.
• Separate electric meters.
• No body corp fees.
• Single title.
• Garden shed plus a tool shed for each unit.
• Not affected by the floods in 2019.
• Current lease in place until July 2024 for both the units.
Don't miss out on this wonderful investment opportunity. With its well-maintained units, modern interiors, excellent rental income, and convenient location, this property has the potential to deliver substantial returns. Contact us today to discuss further details, arrange a viewing, and secure your first dibs on this exceptional investment property. Contact Varun Pinto - 0449 567 443.
