This property is a typical 1930′s build – Solid Brick, High Ceilings, Picture Rails, Big Rooms, High Skirting Boards, Grand Staircase and Fantastic Location. It is currently Strata Titled as 2 units (Gentleman’s Residences) and each consists of 3 bedrooms, a lounge room, a kitchen, a sun-room, bathroom and toilet. The upstairs kitchen has just been renewed within the last couple of months and features all new appliances, stone benches, new cabinetry, wiring and flooring. Paint and carpet has also been upgraded in some of the rooms in this unit. Downstairs is very tidy and well maintained however the kitchen is next in line for an upgrade and of course this is your opportunity to make your mark on the building. The yard is compact, landscaped and very tidy. A double garage provides each unit with a secure off street parking space.
Each unit is currently tenanted with University Students under a standard residential tenancy lease with Unit 1 returning $420w and Unit 2 returning $380pw. It should be noted that the current owners have leased this property on a continuous basis to various students over the last 14 years.
This property is a must to inspect. It is big and in a wonderful location.