A Classic Investment Opportunity! Inquiries over $1,100,000
This is a chance you'll never regret - especially when you're purchasing a property with fantastic potential for refurbishment. Grab your paintbrush and unlock the rewards! This property offers a solid foundation for both positive cash flow and long-term capital growth.
The property features 5 purpose-built 2-bedroom units, proudly positioned on a prime corner with excellent street appeal, set on a 1,184m² freehold land parcel. Each unit has its own private courtyard for added convenience and privacy.
Currently fully tenanted, the property generates a weekly rental income of $1,900, equating to an impressive $98,800 annually. Following refurbishment, an independent rental appraisal suggests a potential rental income of $420-$450 per week per unit, which could boost total annual income to $117,000. This equates to a remarkable 10.64% Gross Yield, making it a standout opportunity for investors.
The property is highly sought after by tenants, as evidenced by its consistently high occupancy rate. This ensures a hassle-free investment with ongoing demand.
Viewing by Appointment Only - 24 hours' notice required as all units are tenanted.
For more information or to schedule a viewing, contact:
Greig Kirby - 027 491 6901
Sally Wong - 021 224 7798
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
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