1-6/14 Waterloo Street, Bendigo VIC 3550

Proximity to major Bendigo infrastructure is an important consideration when purchasing an investment property making this development possibly one of Bendigo's best.

The block of six apartments situated a mere 500 metres to the CBD, enjoys easy access to all city facilities and attractions including, shopping, the arts and hospital precincts and various sporting venues.

The perfect opportunity for astute investors and self-managed super funds, the solid brick construction, encompasses 4 x two bedroom and 2 x one bedroom apartments over two levels with designated parking spaces and surrounded by neat, low-maintenance landscaping.

Thanks to the prime position, all five units have a consistent rental history providing the owner with an income stream of $56,680 per annum, while the sixth apartment has been reserved for the owner-occupier.

It is much larger with a ground-floor entry foyer off Waterloo Street with internal access to the four-car garage with attached workshop and rear roller doors. Internal stairs lead to the upper-level apartment featuring an upgraded kitchen with an electric cooktop and wall oven, dishwasher, corner pantry and access to a rear alfresco deck with 180º views over the city. Natural light fills the spacious living, dining and bedrooms with built-in robes, (walk-in to main). A central bathroom, separate toilet, laundry and loads of storage add the finishing touch.
Rental appraisal for number 6 is $20,280pa, bringing the total return for the 6 units to $76,960pa.

The complex sits on a single titled block approx 1096m², zoned GRZ with two street access and a considerable vacant area for potential further development. (STCA).

The blue ribbon location makes this the ideal investment opportunity for self-managed super funds or owner/investors where you could have a home and income by living in one and letting the others.

Offered for sale as a whole, the units are separately titled and metered with all rentals due for review.

Apartment 1 - ground level, 2 beds, BIR, 2 ensuite bathrooms, separate laundry.
Apartment 2 - ground level, 1 bed, BIR, ensuite bathroom, separate laundry.
Apartment 3 - ground level, 1 bed, BIR, ensuite bathroom, separate laundry.
Apartment 4 - upper level, 2 bed, BIR, 1 bathroom, separate laundry, balcony.
Apartment 5 - upper level, 2 beds, 1 bathroom, separate laundry, balcony.
Apartment 6 - upper level, 2 Bed, BIR, 1 bathroom, separate laundry, balcony, 4 car garage and workshop.