1-5/30-32 Vale Street, Alfredton VIC 3350

Located on a quiet street in Alfredton, this block of units has been well maintained and has good long-term renters.

Consisting of 5 units, Unit 1 is a 2-bedroom unit at the front and there are four more 1-bedroom units. There are also 5 renter carparks on a large block of approximately 915sqm. The current owners have found it a good low-maintenance investment with an excellent yield over many years. With a yield over 5%, this will be a sound long-term investment property.

Each unit consists of an open plan living space with kitchen/meals/lounge with breakfast bar, a bedroom with a built-in-robe and a bathroom/laundry with a shower and toilet. Unit 1 has an additional study/bedroom. Each unit has an electric upright cooker and split system reverse cycle system for heating and cooling.

All sitting on one title, the units are separately metered for water and electricity. Recently, the roof has been resealed, external painting done and new front doors fitted.

The property is located close to Victoria Park, Lake Wendouree and the Aquatic Centre and has Aldi close by and is a short drive to Delacombe Town Centre. Nearby are also schools, medical and pharmacy services and it is close to bus routes.