$895,000

8 Bed  •  5 Bath  •  5 Car  •  1012m²

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Main view of Homely block of units listing, 1-5/31 Wombat Street, Young NSW 2594
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Under Offer

Main view of Homely block of units listing, 1-5/31 Wombat Street, Young NSW 2594
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Third view of Homely block of units listing, 1-5/31 Wombat Street, Young NSW 2594
Fourth view of Homely block of units listing, 1-5/31 Wombat Street, Young NSW 2594
Fifth view of Homely block of units listing, 1-5/31 Wombat Street, Young NSW 2594
+3

Under Offer

1-5/31 Wombat Street, Young NSW 2594

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$895,000

  • 8Bed
  • 5Bath
  • 5 Car
  • 1012m²

Block of Units under offer

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What's around Wombat Street

Block of Units description

“Multi-Tenancy, Resi Investment - Better than Money in the Bank!”

A serious investment proposition for saavy investors or your self managed super fund, in Young's tightly held rental market.
Beyond it's character double brick facade, lies five (5) self contained home units which have all been progressively refurbished.
The properties now present at their best, have enjoyed consistent rental growth and maintained low vacany over many years.
Complex comprises 4 x 2 beds/1 bath unit + 1 x 1brm/1bath unit with undercover car spaces to each from the sealed rear lane.
Its current return on investment (RTO) sits at 8.02% gross with a healthy, combined gross rental income of $71,760pa/$1,380pw.
All 12 mth leases are current with four (4) leases expiring in the period May-November 2025, providing the assurances you need.
Further potential to grow its RTO as leases fall due and Young's rental market continues to perform at an unprecedented level.
Professionally managed for almost 20 yrs with the benefit of tenancy and R&M maintenance history for due diligence purposes.
Deceptively set on approx. 1,012sqm's, its central, Wombat St location doesn't get much better, nor does its investment yield.

Please Note: Whilst all care has been taken by Ray White Young to ensure accuracy in preparation of the particulars herein, no warranty or representation, express or implied, as to the accuracy or completeness of the particulars provided is made or given by us and interested parties must therefore rely on their own enquiries. Liability for any error, omission, negligence or misrepresentation is hereby excluded.

Property features

toilets

Toilets: 5

Building details

Area: 375m²

Land details

Area: 1012m²

What's around Wombat Street

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1-5/31 Wombat Street, Young NSW 2594
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$895k
1-5/31 Wombat Street, Young NSW 2594
  • 8
  • 5
  • 5
  • 1012m²
David Coombes

David Coombes

Ray White - Young
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