Positioned in a highly convenient Alexandra location, just a short stroll to the township and handy to Pioneer Park, this unique investment opportunity offers immediate income with minimal upkeep. Originally built in the 1970s, this 125sqm (more or less) property was thoughtfully reconfigured in 2004 into three self-contained one-bedroom studios, each complete with its own kitchen and bathroom. The property has a Code Compliance Certificate and is Healthy Homes compliant, providing peace of mind for investors.
Constructed with durability in mind, the studios have been well maintained and refurbished, with each unit benefiting from its own designated car park. Set on a 340sqm (more or less) Unit Title site, there is also a shared area suitable for additional parking, including space for a campervan.
Each studio is approximately 43sqm (more or less) and is currently tenanted, generating the following weekly rental income (WiFi included):
• Studio 1: $340 per week
• Studio 2: $380 per week
• Studio 3: $400 per week
Total rental income: $1,120 per week
Gross annual income: $58,240
A chattels list for each studio is included in the sale documentation.
Whether you're looking to expand your investment portfolio or secure a property with strong existing returns, this is an opportunity not to be missed. Get in contact today to arrange a viewing or request further information.
