Top location, walking distance to the centre of town and just across the road from Warrina Lakes.

Constructed of solid concrete masonry this valuable property includes 2 x 2 bedroom units with double garages and 3 x 1 bedroom units with single garages, all on one title but able to Strata with council approval.

All units have built-in cupboards and some air-conditioning, security screens and ceiling fans.

Total income is $950 per week and this property has an extremely good history of being fully tenanted.

With interest rates continuously dropping this is a fantastic opportunity to buy a cash flow positive .

Positive investment – Owner has reduced the price and is keen to sell so don’t miss out on the opportunity. Also a great opportunity for someone who is thinking of retiring. Therefore you can live in one side and reap the rewards from the other four units.

Total income $49,400 per annum
Less Rates & Insurance approx. $13,234.23

Net income $36,165.77 divided by $599,000 = approx. 6% net return

Truly A Great Investment!!

For an inspection and more information on this property ask for John Strano at Campbell Real Estate NQ

Property Code: 676