* A rare opportunity to purchase a high quality positive income investment property offering excellent returns and potential for growth as well as the opportunity to further improve and increase rental and capital returns.
* Comprising of 5 x 2 bedroom brick veneer units with concrete floors plus a rentable storage area, all fully let, currently returning $50,440 pa (increasing to $50,960 pa in December 2014). Unit 1 leasing at $210 pw (larger unit), Unit 2 leasing at $180 pw (increasing to $180 pw in December 2014), Unit 3 leasing at $180 pw, Unit 4 leasing at $180 pw and storage area leasing at $50 pw.
* An additional unique feature of this property is the second street frontage to 451 Rose Street, Lavington that provides the flexibility of having street frontages at both the front and rear ends of the property.
* Currently held on a single Torrens Title offering the potential for future strata title subdivision (STCA), this property is also suitable for for those wishing to invest through a tax efficient superannuation fund vehicle as well as for those wishing to secure a pre-retirement or post retirement income stream.
* Units 2 to 5 offer quality finishes with room for additional improvements and comprise of large attractive living spaces of 60 sqm (approx) each with their own private alfresco garden style courtyards for additional relaxed, comfortable and private living, reverse cycle air-conditioners, separate laundry’s and undercover carport accommodation.
* Unit 1 comprises of a larger 100 sqm (approx) dwelling with a full bathroom and a separate water closet, separate laundry, reverse cycle air-conditioner and undercover carport accommodation.
* Immediately under Unit 1 is a large 60 sqm (approx) storage area that can be used by Unit 1 as an entertainment/pool/rumpus room with an additional water closet and shower.
* This block is ideally located in the Albury suburb of Lavington situated mid-way between the Lavington Shopping Centre and the Thurgoona business/shopping districts and only a short distance to the Hume freeway entrance/exit, allowing for easy accessibility to shopping centres, transport routes, public and private schools, Charles Sturt University, the fast moving Thurgoona growth corridor and with public transport available at your doorstep.
* Add this one to your shortlist. A unique residential investment with both income and capital growth potential. Invest in Albury/Wodonga, Australia’s greatest inland city on the banks of the Murray River and strategically located in the heart of the populous South Eastern Australian Melbourne/Sydney/Canberra/ Adelaide triangle with a regional population exceeding 100,000 and an economy exceeding 5.187 billion (December 2013).