Here's a fantastic opportunity for savvy investors. A great returning 2 x income property with huge potential to maximize returns and add future value. Both properties are currently tenanted, with both tenants' indicating a desire to stay on. Current scheduled rent increases have been delayed while the property is on the market.
29 is a Spacious 1960's 3br 1bathroom home. Large double garage, with attached sleepout/office.
Current Rent $520pw with a scheduled increase to $570pw
29a Is a 1br fully self-contained 1br Unit, with its own off-street carpark and most furniture, whiteware and appliances included.
Current Rent $370pw with a scheduled increase to $420pw
Total Current per week $890pw
Scheduled Increase to $990pw
Opportunities to secure a property with this much flexibility are rare. This truly versatile setup lends itself to a multitude of different configurations to suit your individual needs.
The front house is a Spacious 1960's home. Featuring 3 good sized bedrooms, separate lounge and a family sized kitchen and dining. The main bathroom has a separate shower and bath plus a DVS and heat pump are on hand to ensure comfortable year-round living.
The real bonus is the standalone, fully self-contained 1 bedroom unit. The unit features a heat pump, sizeable open plan living, dining, and kitchen area, with a separate double bedroom and ensuite bathroom.
The site also boasts a large double garage with auto opener, plus an attached sizeable space (permitted as a habitable) and could be utilized as a 4th bedroom, home office or hobby room.
There are huge opportunities here in a highly sought-after part of the Cambridge community & handy to all levels of schooling, the lake and CBD. Our out of town vendors are keen to get moving, so a comprehensive property file is available. Due to long term tenants, we do have limited access, so Call Terry Watt today for more information and to discuss your needs.
â–¶
