1-4/3 Kneale Street, Ararat VIC 3377

Rare opportunity to invest in bricks & mortar with this modern, low maintenance, unit complex, located in a very quiet, West end location, set on a huge 1250 sq.m block and currently returning $44,980 p.a.

Add to your investment portfolio or Super fund with this proven rental performing unit complex comprising 4 x 2 bedroom units, 3 of which have been recently renovated , all separately titled and fully leased with amazing tenants!!

Unit 1- Fairly original, very neat and tidy and really well maintained. 2 bedroom with robes, open plan kitchen- living with a split-system, courtyard, garden shed and carport. Currently rented at $155 p/w with a fixed lease until October 2023. Current market rent would be $280 p/w.

Unit 2- This unit has had the most recent renovations. Stylish through-out with a modern kitchen and bathroom, new floor & window coverings, paint and light fittings, 2 bedrooms with robes, dishwasher, gas heater and split-system. Single carport, garden shed and courtyard. Currently rented at $250 p/w in a fixed lease until May 2024. Current market rent would be $330 p/w.

Unit 3- Recently renovated and has a nice modern feel. Open plan living with a gas heater and split-system for year round comfort, well designed kitchen with electric cooking and a dishwasher, modern floor & window coverings, paint and light fittings through -out and 2 bedrooms with robes. Single carport and a great size yard. Currently rented at $230 p/w in a fixed lease until August 2024. Current market rent would be $320 p/w.

Unit 4- Set at the rear of the complex. Also recently renovated with a North facing living area which is open plan to the kitchen which boasts a gas cooktop, dishwasher and breakfast bar. Modern bathroom, floor and window coverings, 2 bedrooms with robes and a single carport. Currently rented at $230 p/w in a fixed lease until December 2023. Current market rent would be $320 p/w.