SOLD UNDER THE HAMMER

All Offers Prior To Auction Will Be Seriously Considered

This property comprises 1x 3 bed + study , 1 bath and 1 x 1 bed , 1 bath self-contained timber flats with a projected rental return of $31, 000 per annum with both tenants currently on periodic leases. On a block of land with a high council site value of $640,000 this property has significant potential and could be raised for even greater panoramic city and district views. Always occupied the property is conveniently located a very short walk from a bus station, schools, parks, cafes, restaurants and shops, less than 4km from the CBD with effortless access to it.
- Multiple investment options
- Raise and build more flats (subject to council approval)
- Or raise, build in underneath and renovate returning this once proud family home to it’s former glory capitalising the property’s character features, outstanding location and city views.
- Alternatively do nothing, collect rent and wait for even greater significant appreciation of the land value
- Elevated position capturing breezes, 3.5m ceilings throughout dwelling
- Currently this property has the following character features – large bay window, stained glass casement windows and entry door, VJ walls and ceiling, decorative ceiling and internal breezeways, 2 open fireplaces ( 1 working)
- External combined laundry with 2 outhouses
- Off-street parking for 2 vehicles
- Registered as a multi-unit dwelling
- Attractive property investment offering the astute purchaser other investment options
- Maximise your return on investment by individually letting rooms to students
- Live in one self-contained flat, rent the other, easing mortgage repayments
- Strong capital growth