MODEL INVESTMENT-LOOK AT THESE FIGURES
No matter how you look at it, the numbers add up on this solid investment - with a return of $37,700 per annum. All units are currently occupied. Invest in this low risk block of units on a site that offers opportunity for a great investment. Positioned on a corner 1022m2 allotment with 2 street access and double car accommodation for each unit. This complex has been well maintained and is a must to inspect!
Unit 1: 1 bedroom - 105m2. Rented at $200 per week.
•Ground floor fully air conditioned unit with large 230m2 courtyard
•Open plan living area with a well maintained and functional kitchen
•Built in wardrobe to bedroom
•Well maintained bathroom
•Separate internal laundry with room for storage
•Double car accommodation
Unit 2: 2 bedroom - 120m2. Rented at $240 per week.
•Ground floor fully air conditioned unit with huge 251m2 courtyard
•Open plan living area with a spacious kitchen
•Built in wardrobes to bedrooms
•Well maintained bathroom
•Separate internal laundry and storeroom
•Double car accommodation
Unit 3: 3 bedroom + study - 130m2. Rented at $285 per week.
•First floor fully air conditioned 3 bedroom unit + study with large 196m2 courtyard
•Well-designed kitchen with pantry
•Dining area off the kitchen with separate lounge
•Built in wardrobes to bedrooms
•Double car accommodation
Features:
•Located close to multiple schools, Castletown and food outlets
•Currently leased with secure tenants returning minimum $200 rent per week
•Opportunity to expand or renovate
•Variety in leasing options with 1 bedroom, 2 bedroom and 3 bedroom units
•Security screens
•One title which only receives one lot of rates (STTC)
•Fully fenced 1,022m2 block
•No body corporate fees
•Rates approx. $6,150.00 per annum
Inspect by private appointment
Disclaimer: All photographs, facades, colour schemes, floor plans and dimensions are for illustrative purposes only and may vary slightly to the end product.
