1 - 8/6 Trewheela Avenue, Manifold Heights VIC 3218

Auction Location: onsite.

CASH IS KING with this prime investment! Situated on a massive 1,300m2 allotment over two titles in popular Manifold Heights with secure income of $94,380PA this hefty investment offers plenty of upside. Fronting Trewheela Avenue the three-bedroom, one-bathroom brick home on 580m2 approx. could offer a great redevelopment opportunity in the short term and on the rear title there are 8 units, all fully let, consisting of 2 bed-sits and 6 one-bedroom units. There's so much you could do with this property! But don't panic! If it ain't broke, don't fix it. This well-established income stream will keep your bank manager happy for years to come!

Manifold Heights is undoubtably one of Geelong most popular locations, and based on five years of sales, Manifold Heights has seen a compound growth rate of 10.8% for houses and 6.2% for units. With proximity to great local primary and secondary schools, public transport, Shannon Ave and popular Pakington Street it's not hard to see way Manifold Heights is on many tenants, investors and homeowners shopping list.

Properties on this scale in a prime location like Manifold Heights rarely come to the market, so don't hesitate; enquire today!

AUCTION SATURDAY 26th JUNE 2021 @ 11AM – Unless sold prior!

*Method of sale subject to change due to changes in covid-19 restrictions*