THIS PROPERTY IS UNDER CONTRACT
This is one of those rare opportunities to secure a massive 34p elevated block that enjoys amazing City views with the potential for a fantastic return. Currently 3 registered flats, this 1900′s home has loads of potential that really is only limited by your imagination and budget.
The flats are currently returning $630 per week, however with a simply coat of paint and minor face lift you could easily increase this return to $950 per week.
Another option here is to consider a subdivision as this property is already on 2 lots! Subject to BCC approval, you could slide the home to one side, lift and capitalize on the amazing views and then build a second home beside it.
Currently occupied as 3 registered flats, these properties have been rented to the same tenants for many years. All the tenants would be happy signing new leases. The apartments are in good condition with neat and tidy kitchens and bathrooms in addition to open plan living and dining areas.
The property needs no immediate work or maintenance at all and is ready for you to simply start collecting the rent. The owners have made their decision and NOW are considering ALL OFFERS!!