Looking for your first property, a live/work solution or an investment with multiple income streams?
This split residential/commercial property offers flexibility, functionality and income in one package.
Upstairs, the light-filled, north-facing studio-style apartment features open-plan living, dining and kitchen, a master bedroom with ensuite, plus a study/office or small second bedroom. Downstairs, the well-presented, self-contained office/clinic includes reception, three rooms, kitchen/utility area and bathroom. Air conditioning, its own patio and two allocated car parks add to its appeal. Solid concrete tilt-slab construction and aluminium joinery provide a low-maintenance setup in a convenient Rosedale location, close to motorway on-ramps, public transport links, cafes, schools and local shopping.
The income opportunity:
• Residential tenancy currently returning $27,040 p.a. including OPEX (OPEX portion $3,357.96 p.a.)
• Ground-floor office currently leased by the Vendor at a discounted rate of $15,600 p.a. + GST ($17,940 incl. GST) + OPEX
• Estimated market rental for the ground floor of $22,000 p.a. + GST + OPEX
At current rents, combined income is approximately $42,940 p.a. With potential net income of approximately $45,682 p.a. (includes market estimate as above)
Key features:
• Total sqm approx 152, Residential + commercial configuration
• North-facing upstairs apartment : 1 bedroom + study/office or small bedroom, Ensuite + downstairs bathroom
• Self-contained office/clinic, Three rooms + reception
• Air conditioning + private patio
• Three car parks
• Solid concrete construction
• Approx. body corporate levy $4,115.92 p.a.
Properties offering this established office/clinic-style configuration are not often available. Whether you're looking to live, work or invest, Unit 4 offers plenty of options.
Income and rental figures are indicative and subject to tenancy arrangements, expenses and purchaser due diligence.
