Consisting of two two-bedroom units and one one-bedroom unit with excellent long term tenants this property is a regretable sale and a great opportunity for the new owner.Current rental return is $615/week ($31,980/yr) with increases due to $655/week ($34,060/yr) due before the end of the financial year. Rates of $3050/yr with no body corporate keep running costs low and average growth in Currajong of 13% make this a great investment with plenty of capital gains.
This low maintainence property has been well maintained by the tenants who look after the lawns and gardens. The has had significant renovations with an electrical upgrade and roof restoration in 2009. Set on 1022 square metres the property is an excellent income producing investment with potential for future subdivison or development.
Unit 1 – The top floor unit is fully airconditioned with two bedrooms, two sleep outs and one bathroom. A new kitchen was installed in 2009.
Unit 2 – The bottom floor unit is fully airconditioned with two bedroom and one bathroom. The unit was fully renovated in 2005.
Unit 3 – The bottom floor unit is fully airconditioned with one bedroom and one bathroom. The unit was fully renovated in 2009.
Owner is accepting all offers and at $499,000 neg will not last long.