Are you considering a Self Managed Super Fund and looking for a long term reliable investment? This block of 7 units and popular laundry mat ensures the buyer will have a steady income from day one. 6 of the 7 units are currently occupied, some with long term tenants in place. The one vacant unit is ready for refurbishment.
Overall the condition of the building is excellent and five of the seven units have been upgraded since 2003. The complex is made up of one 3 bedroom unit and the remainder are 1 and 2 bedroom units. All units have individual under cover off street parking bays and the large allotment with a vacant section of land allows room for additional parking or entertaining.
With a potential gross return of approximately $48,000 per annum, this property also lends it self to various options such as Strata Titling or holiday accommodation with a live in on site manager and serviced apartments.
The busy Laundromat is the only one in the township of Barmera and is and is very well equipped with upto date washers and dryers. All equipment has been well maintained and only requires minimal supervision.
For additional information please contact Greg Cram Mob: 0439 890 822 Email:greg.cram@raywhite.com