Offering a massive potential rent return of over $90,000 gross approx. This prominently located business enterprise will surely satisfy those who wish to truly feel what investing in property is all about.
Comprising of twelve units all complete with their own bathroom, living area, air-conditioner and bedroom/s.
Set on a large block of 1,450m2 approx split over two titles making it a very large land holding.
- 4 of the 12 units have been recently renovated
- Block size 1,450m2 Approx
- 12 Units for sale / 4 x 2 Bedrooms and 8 x 1 Bedrooms
- On 2 titles
- Each unit is sold completely furnished
- Air-conditioners in each room
- Passive income stream of approximately $90,000 per year
- Gardening and general maintenance ($60 per month approx)
- Landlord insurance (TBA)
- Management fees (Standard 8% approx)
- Letting fees (1 week for a 6 month lease and 2 weeks for a 12 month lease)
- Units are furnished as per the photos online
- Water is charged at $40 for a single and $50 for a double.
DOWNLOAD THE CURRENT LEASE SITUATION AND COST BELOW - AS AT 2th October 2016 - (Paste this into your browser):
Highlight Feature: Air Conditioning, Close to Transport
Land Area: 1,450 sqm
Parking: 12 cars