This unique property is set on a large 1,501m2 lot with improvements consisting of the original home, a block of four units and a duplex at the rear. The original three bedroom plus sleepout home has been renovated and has long term tenants in lease. Behind the home there are four units, two ground floor and two upstairs all fully furnished and leased to professionals. At the rear is a duplex with two spacious bedrooms, lock up garage with internal access and a small fenced yard … again fully furnished.
The complex contains plenty of off-street parking and solar panels reducing power costs. Current gross rental is just over $141,550 per annum with rents on the rise in our area. This is a low risk investment opportunity with potential for strata (Subject to Council Approval) plus located within 650m to Manning Mall, 1km radius of local schools and parks as well as just 1.2km to Manning Base Hospital.
Owner is cashing in his super and is looking for offers to purchase.