;

For Sale

MULTI UNIT DEVELOPMENT WITH A 6.64% RETURN

The opportunity to secure multi unit developments in the local area are very hard to come by and this represents an opportunity not to be missed. The property is centrally located within walking distance from the CBD and vibrant shopping precincts. Within the complex there are 8 one bedroom units which are all in good condition and comprise entrance porch, kitchen, living area, functional bathroom and bedroom on the second level. All units benefit from a communal garden and a carport. Five units are leased at $135 per week and the remaining three units at $150pw adding up to a gross income of $58,500 PA which represents a gross return of 6.6%. There is also potential for the units to be subdivided and sold off individually (STSA) presenting this as a terrific buy for the savvy investor. Gross Return based on current rent and fully let for 12 months $58,500 PA* Outgoings: Insurance - $ 2,243 PA current policy through CGU 26/9/2014-26/9/2015 Lawn Mowing - $ 960 PA current rate $80 1/7/2014-30/6/15 Rates - $ 6,156.64 PA* 1/7/2014-30/6/15 Water - $ 6,930.48 PA* 1/7/2014-30/6/15 Agents Commission - $ 3,775.20 PA (12 months) Total Expenses - $ 20,065.32 PA* Total Net Return – $38,434.68 PA* Net Yield 4.3% PA* * APPROXIMATE For a Due Diligence Checklist go to: consumer.vic.gov.au/duediligencechecklist Or call us on (03) 5144 4333

To find out more about this 8 bedroom unit for sale at Units 1-8/80 Stawell Street, Sale, contact an agent from Graham Chalmer Pty Ltd by clicking the email or telephone icons above.

Median Unit price Sale
Median price data supplied by the REIV
What's around Sale
Mister Raymond

Mister Raymond

Modern Australian

REVIEWS (1):"A funky classic fit out and a talented barista give this place loads of cred. Add to that a breakfast menu with a few twists and you'll be even more into it..."

read more
El-Sombrero Mexican Restaurant

El-Sombrero Mexican Restaurant

Fast Food

REVIEWS (2):"We chose this restaurant primarily because of the Speedy Gonzalez on the front window and the kitsch decor inside.... Lucky it turned out to be a winner!..."

read more
Redcoat Soldier Antiques

Redcoat Soldier Antiques

Antiques

REVIEWS (1):"Fantastic antique shop. Bruce Arnup has a wealth of knowledge and a great selection of furniture, jewellery and collectables."

read more
Quest Sale

Quest Sale

Venues & Event Spaces

REVIEWS (1):"Nice, clean, large rooms, great service"

read more