4 UNITS ON ONE TITLE
This rare and exciting opportunity awaits a motivated investor looking to develop their portfolio. Situated on sort after Forest Lane, on 525m2 (approx.) block are 4, one bedroom units. All on one title and receiving an attractive rental return, this very sort after piece of real estate does not come available too often. Short walk to CBD, cafes, hotels and hospital precinct, the location does not get any better. All units have off street parking, heating and cooling and own private court yard, 2 of the units have been renovated with long standing tenants. Move quickly as this will not be available for long.

- Zoning: General Residential Zone
- Services: Electricity, Gas, Water, Sewerage, Telephone
- Owners Corporation – Not Applicable at this point
- Car Parking: One Space allocated per unit / signed accordingly
- Cooking: Gas stove
- Heating & Cooling: Each unit has a split system
-
The units are metred for water as one, the cost is approximately $250 per quarter each

CURRENT RENTAL RETURNS: All Long Term tenants, each wishing to stay on!

Unit One: $160.00
Unit Two: $175.00
Unit Three: $170.00
Unit Four: $165.00

TOTAL: $670 per week

CURRENT RETURN OVER 12 MONTHS: $34,840

Which works out to be a 5% return, based on a sale price of $690,000