Running from 24 Cardiff Road through to 23 York Street, this property offers an opportunity to purchase a home, investment or both. On 1919m2 this land houses a 2 bedroom home plus a garage which has been converted into a studio unit, and two self contained studio units with a carport each. With the possibility of subdivision (STCA) this property offers a multitude of options for the investor or owner occupier.
The solid older style 2 bedroom home faces 24 Cardiff Road and has a large lounge room, large and well planned kitchen/ dining area and office. Insulation in the ceiling, an open fireplace and a reverse cycle air conditioner all combine to keep the temperature comfortable inside all year round.
A large rear verandah runs the width of the house and has paved areas overlooking the back yard and garden. High fencing creates privacy between the house and studio units facing York Street. This home is currently tenanted until at $230 per week to long term tenants until 15/05/2012 on a fixed lease. A garage and carport towards the rear of the block is used by the tenant in the house.
The converted garage is a cosy studio unit with separate bathroom/laundry and private access, is leased at $90.00 per week until 28/05/2012 on a fixed lease
The 2 freestanding studio units with access from York Street comprise each of an open plan living/ bedroom/ dine & kitchen area, with separate bathroom.
Unit 1/23 is the newer unit of the two and is currently rented for $110.00 per week until 09/04/2012. Unit 2 is very basic and is rented for $85.00 per week until 18/10/2012.
The garden areas are easy care and four rainwater tanks supply some of the properties.
Realistically priced to sell at $349,000 this property is worth a look for any interested investor. Own, occupy and earn an income at the same time or make this fantastic investment with a current annual income for the four dwellings of $26,872 and the possibility of subdivision (STCA) in the future.
For further details and inspections please call Sue Pallant on 0427 333 320.