Showing a gross return of almost 5% of asking price in a rising rental market PLUS potential upside to strata, renovate, re-sale.8 x spacious 2 bedroom flats in a well maintained older-style building on approx 645sqm.
Features:
8 huge semi-styled 2 bedroom flats
Separate kitchen & eating areas
High ceilings, some with floorboards
Gross annual return approx $192,140.00
Potential for refurbishment for inc returns
Market rent should then achieve $230,000+pa
Rare opportunity will be sold