Block of 4 x 1 bedroom flats – To be sold in one line

A rare and prized opportunity with outstanding potential, this older-style block of 4 apartments is peacefully located in a quiet cul-de-sac, just a couple of hundred metres from Five Ways and a short stroll to the harbour foreshore, transport and many cafes and eateries.
The building sits on a 310 square metre block of land with a garden area and offers fantastic scope for updating or recreating with strata conversion or completely redevelop the site (STCA).
As an investment the potential rental return would be in the vicinity of $100,000 pa.

Outgoings:
Council Rates:
$3,168.00 pa
Water Rates:
$3,548.00 pa
Land tax:
$11,268 pa (based on a single holding basis)