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3 Bedroom + 2 Bedroom on 1,012m2
8% Yield - $1,285 pw
Modernised 3 Bedroom Villa and a 2 bedroom unit sitting on Freehold 1,012 m2 freehold site.
Tenanted at $1,285 per week 8.0% yield and approximately $300 per week positive cashflow after expenses*
This is a strong, high-yield addition to any portfolio.
- 8.0 % Yield
- Tenanted $1,285 per week rental - $66,820 p.a.
- 3 Bedroom House - $735 pw
- 2 Bedroom Unit - $550 pw
- 166 m2 Floor area
- 1,012 m2 Freehold Site
- Feasibility Report for Subdivision
- Renovated and Modernised
- Healthy Homes Compliant
- Cashflow Positive $300 per week - based on 100% borrowing and after expenses *
Future Value-Add:
Subdivision potential. 1,012sqm with two separate rentals fully fenced.
Surveyors Grant & Cook Ltd have carried out desktop feasibility and suggested an easy two lot subdivision.
Options for front and back rentals to add rooms / bathrooms and future rent increases.
Price by Negotiation
Rental: $1,285 per week rental - $66,820 p.a.
Gross Yield: 8.0 %
Building: 166 m2
Land: 1,012 m2
Bedrooms: 5
Bathrooms: 2
Rates: $4,070.00 p.a.
* figures to be used as guide only
* Subject to council approval
Please contact me if you’d like further info.
Shane Carruthers
021 182 6547
[email protected]
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