1-4/9 St Lukes Avenue, Brownsville NSW 2530

Positioned on a level 656m2 block within easy access to local shopping complex, freeway access and Dapto Mall. This complex of 4 strata titled units offers a rare investment opportunity with existing leases in place and potential to further develop and renovate the units.

Having been owned by the same owners for 19 years this complex is a proven quality investment and would be a great addition to an existing portfolio or for those wanting to pursue a self managed superfund.

KEY PROPERTY FEATURES INCLUDE

• 3 x 1 bedroom and 1 x 2 bedroom STRATA TITLE UNITS (so you can sell them off individually in the future if you like)
• All units have current leases in place with some long term tenancies. Two of the 4 tenants having leased their units for nearly 22 years & 8 years.
• Current combined rental income of $1,200pw ($62,400pa)
• Additional opportunity to increase return through renovations and unit upgrades.
• Located close to local shopping complex, parklands, freeway, golf course, and short walk to Dapto CBD and train station.
• Situated on a level 656sqm block with 189m2 of unit living.

For further details please contact Tracey McDonald on 0404 033 533 or Cliff McGrath on 0419 123 701