Block of 4 units and a Spare Lot on 1012m2 – Returns $825 per week!!! GOLDEN OPPORTUNITY!
Astute investors and developers seeking cash flow and a value add proposition - you've found what you´ve been looking for!
On a RARE double lot, the building comprises four flats with a configuration of 2 x 2 bedroom and 2 x 1 bedroom, each with an off road car space. Currently in good original condition, there is a fantastic opportunity to restore this charming building and increase the rents. Positioned 5 minutes walk to Booval Fair, Sacred Heart and Silkstone Primary Schools and Bremer High, these units are rarely vacant. But that´s only a part of what this brilliant property offers; the flats are positioned on one lot and there is a spare lot beside! There are so many options here – renovate, build a home or duplex on the spare lot or just sell the spare lot off and watch that cash flow roll in!
* Currently attracts a gross rental return of approximately $36,592.83 per annum
* Two level character building with fantastic character features, 4 undercover car parks
* Rare, spare lot for development beside