overview

  • 1P9663
  • Block of Units
  • Sold
  • 694 sqm
  • 8
  • 4
  • 4

Description

CONTRACTED AT AUCTION BY GEORGE KIRITSIS - CALL ME IF YOUR THINKING OF SELLING YOUR GROUP OF UNITS, BUYERS WAITING.
Rare Investment Opportunity – Four Units on One Title

Sitting on an allotment of 694sqm approx. this group of units has a current return of $70,720 approx. per annum offering potential to increase the yield in the future. This neat solid brick small group has been renovated & updated a few years ago, minimising maintenance and maximising Income.

Each unit comprises two bedrooms master with built-in robe, modern kitchen, lovely bathroom with semi-frameless shower screen, reverse cycle air conditioning, timber look floor tiles throughout, laundry and undercover carport. An in demand rental offering in a great location with schools and conveniences close by.

Current leases in place :
Unit 1: $300.00 per week Periodic
Unit 2: $365.00 per week to 23/6/24 $375.00 per week from 24/6/24 to 23/6/25
Unit 3: $405.00 per week fixed to 22/5/25
Unit 4: $290.00 per week fixed to 14/1/25

Current Total Income $1,360.00 per week

CT 5611/676
Council - City of Charles Sturt
Zoned General Neighbourhood
Year Built - 1968
Land Size - 15.24 x 43.59
Council Rates - $3,501.45 per annum (4 units combined).
SA Water Rates - Supply $74.20 - Sewer $79.50 per quarter, plus usage (paid by tenants)
Emergency Services Levy - $218.85 per annum (4 units combined).

To be Auctioned Friday 28th June at 12:00pm

Features

  • Living Area

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