Investments of this nature are a rarity.
Erected on the land is a substantial quality five townhouse development that is approximately two and a half years old.
The respective townhouses are two storey, brick and iron in construction, each accommodating three bedrooms, two bathrooms, study, open living area and a double lock up garage.
All the townhouses are securely leased and the investment offers a good holding income of $124,540.00 per annum.
Modern in design, the townhouses are evaporative cooled, feature a neutral decor and present well. There is a ready market for the individual sale of each.
The development is ideally suited for strata subdivision.
It should be noted that Strata Plan 60998 (in respect to this development) has been lodged at Landgate and is in order for dealings subject to the lodgement of a Form 7.
Value add. This is a developer and/or investor's dream.
The property is offered as a single holding.
NOT TO BE MISSED.
Inspection by appointment.
For further details contact Tony Goudas on 0418 923 251 or Vickie Mosedale on 0411 216 857
