How often does a dwelling with an income, in the core of Southside, come onto the market? This property is a great addition to any savvy investor's portfolio with the potential for renovation to further your rental yield.
Currently tenanted with a collective rental return of $750 per week, with immediate potential for an increase and further growth with some renovations, the opportunities are endless. Please be advised that unit 2 will have a rent increase to $370 taking effect on 15/09/2024 that will increase the total yield to $870.
This exceptional offering consists of 3 seperate accomodatIons, 2 x 2 bedrooms and 1 x 3 bedroom.
Set on a substantial allotment of approx 2,000 square metres and being within a two minute drive to the local shopping precinct, doctors surgery, cafes and amenities this conveniently located property ticks a lot of boxes.
Accomodation 1:
- Upstairs unit
- 2 bedrooms with built in wardrobes
- Modern kitchen
- Open plan living areas
- Bathroom
- Single carport
- Downstairs external laundry
Accomodation 2:
- 3 bedrooms with built in wardrobes to 2 rooms
- Modern kitchen
- Open plan living areas
- Bathroom
- Double carport
- Yard has dividing fence from other units for additional privacy
Accomodation 3:
- 2 bedrooms
- Kitchen
- Open plan living areas
- Bathroom
- Single carport
- External laundry
TENANCY:
UNIT 1: Currently tenanted at $250 per week until 25/8/2024
UNIT 2: Currently tenanted at $250 per week until 11/09/2024, Rent increase to $370 to take effect 15/09/2024
UNIT 3: Currently tenanted at $250 per week until 16/2/2025
There is terrific potential for renovation or development. Renovate or add units to add to your portfolio.
Southside is thriving. This is ready for the savvy investor!!