Vendor will meet the market!
This excellent investment property will be sold at valuation which was completed on 14/6/2013 by an independant, bank panelled valuer. The report is available for review.
At the asking price, the property will show an immediate 7.4% gross return.
Ideally located in a quiet south side area close to town, schools and parks. It comprises 3 X 2 bedroom units each with kitchen, bathroom and laundry and their own under cover parking space.
The property is fully let with leases in place and returns $690 per week in rental income. This will increase to $705 per week within the next 8 weeks as one of the leases renews. Recent exterior re-painting and some internal refreshing has been completed and the property presents extremely well.
There is a fantastic opportunity for further capital growth through a strata sub-division, subject to Council approval.
This property would ideally suit an investor wanting solid returns and capital appreciation driven by the quality of the asset and its superior location.
Please note that the vendor is firm at the asking price.