Investment returns like this are extremely rare – ask any real estate investor.
Add to this the 1000 or so jobs projected for the Pacific Hwy upgrade in coming years (head office in Grafton) and you would be mad not to secure this solid investment ASAP.
These two low-set units are located only two blocks from the CBD and a short walk to schools and Fischer Park sporting facilities, not to mention a block to the services club.
Unit 1 features 3 bedrooms, new kitchen, new bathroom, fresh paint, new floor coverings and is rented for $270 per week (new 6 month lease).
Unit 2 comes fully furnished, has a new kitchen, fresh paint, new floor coverings, 2 bedrooms and is rented for $265 per week. The building is fully cladded which makes for low maintenance.
The numbers really do add up with a return of 9.3% based on the asking price and rental income. If you’re looking to increase your investment portfolio with a positively geared property or are just starting out then this is a must to inspect.
Add some floorboards to the attic and an internal staircase and you have another large room to use for any purpose you can think of (within the law).
Centrally located units such as these are in high demand in Grafton and considering the house is located on one of the town’s highest streets, the location is very desirable indeed.
Call Terry Deefholts at Elders Real Estate Grafton on 02 6643 2455 or 0413 299 176 to arrange an inspection.