1-4/59 Monash Road, Newborough VIC 3825

Centrally located in the Heart of Newborough, sits this unbeatable investment opportunity that will sit perfectly in your investment portfolio.
Offering a flexible and diverse layout, the property features a 2 Bed and 2 bath home at the front, and a separate 3 x 1-bedroom apartments at the rear, adjoined by a communal carport providing for easy access and vehicle storage.

The large near flat allotment is Central to the township, close to local amenities with well-maintained surrounds, all on a 1359m2 block the property is set for a long future of capital growth, whilst offering a modest return from the day you settle, with plenty of room to improve over time!

Current rent amounts,
House - $300pw - Increase issued to $350pw from 15/07/24
Unit 2 - $145pw - Increase issued for $210pw from 17/07/24
Unit 3 - $200pw
Unit 4 - $175pw Due for review October 2024

Units 2,3,4 current market value is approx $200-$220pw

Total - $42640 per year.

All units are currently leased with great tenancies, with the option to extend them if you wish.

Close to Newborough Village, Schools, Medical facilities and all the amenities you require, investment opportunities don't get any better than this, for further information enquire within!