136 Retreat Road, Spring Gully VIC 3550

A genuine opportunity to purchase a great investment high return, three long-term tenants and an established, well looked after property with good space in a really good Spring Gully location.

THE DETAILS:

Unit 1 - $225pw
Tenancy: 3 years.
Three bedrooms, two have robes. Separate lounge and meals space, kitchen upright cooker, fairly new carpet, Split System A/C, bathroom with shower, bath and vanity, double carport next to entry and a separate brick shed with concrete floor and power.

Unit 2 - $180pw
Tenancy: 10 years
Two bedrooms with robes, lounge/meals with gas wall furnace, kitchen with upright cooker, bathroom with shower and vanity; and a double carport detached

Unit 3 - $180pw
Tenancy: 23 years
Two bedrooms with robes, lounge/meals with gas wall furnace, kitchen with upright cooker, bathroom with shower and vanity; and a double carport detached.

AGENTS NOTES:

Plenty of scope to update and improve the units and increase return, or just sit back and let the property do its thing with its close to positive cash-flow return.