THE more you look at this deal, the more it makes sense.
Here we have 6 x 2 bedroom units in a two-storey unit complex just a few blocks from the CBD with an appraised return of between $1380-$1800 per week in total. Our property management team have appraised the units for both long term unfurnished residency ($230-$240 per week) and furnished worker style accommodation ($300 plus per week).
Each open-plan unit is individually metered for water and electricity and according to council building inspectors – the units have the potential to be strata titled if regulations are met. Do this and sell them off individually to cash in quick.
The outside of this unit has recently been painted and internally every unit has been touched in a “soft” renovation.
Buyers note – the property is zoned IN1 General Industrial. Clarence Valley Council have stated in writing to us that the property has existing use rights as a dwelling and in the event of a fire, new dwellings could be rebuilt on the site (subject to council approval). If borrowing, your lender should be notified of the zoning early so as to avoid any unexpected hurdles.
See the floorplan for the layout of the units, book an inspection ASAP and see your lender.
PEST AND BUILDING REPORT AVAILABLE TO QUALIFIED BUYERS