Centrally located and level, this 650sqm. block (15.24m.x 42.67sqm.) hosts a cosy 2 bedroom permalum clad home at the front, plus a separately metered, self contained granny flat at the rear, representing exceptional value for investors.
Currently tenanted at $480 per week ($280 per week from the house and $200 per week from the granny flat), the combined rental return will rise to $520 per week from 4/12/07 with a scheduled rent increase for the house to $320 per week.
The tenants are happy to stay on, vendor is keen to sell and
the numbers add up to a bargain opportunity. See it soon !!!