MUST BE SOLD – MAKE AN OFFER

Rare is the only way to describe this exceptional opportunity that is 2 registered flats in the heart of the Padua Precinct of Kedron. Positioned on a 607m2 block and within walking distance to the Padua Schools, both these 2 bedroom 1 bathroom flats are currently rented for 6 months.

Each unique flat has its own private entry, car accommodation, 2 large bedrooms, 1 bathroom and a deck that takes advantage of the views and breezes. The front flat has been recently renovated and features a new kitchen, bathroom, open plan living and dining areas while polished floors lead you to the front deck and large courtyard. The flat at the rear of the property is up a small set of stairs and is slightly more basic, allowing buyers the option of doing a basic renovation and increasing the rental return.

The entire property is in great condition and could be very easily reconfigured back into a house if or when the buyer wanted to. It is not often you have the opportunity to buy a residential property that is offering a fantastic return while capital growth is assured. The tenants have just entered into a new 6 months lease with the renovated flat returning $335 per week and the original flat returning $295. So with a little TLC you could easily push the return up to around $670-690 per week! That’s nearly $36,000PA with no body corporate expenses and one set of rates!

The owners have had this as a long term investment and are now wanting to liquidate and move on. This would be the ideal property for the astute investor or even a young couple wanting to live in one of the flats and use the rental return from the other to pay off the mortgage. Don’t delay, this won’t last long!! Phone Kedron leading agent Alistair Macmillan TODAY!!