To be sold by Set Date Sale, with offers closing at 2pm on 3 September, 2024.
Price guide mid -to high 1 million.
What to love?
Could this be your retirement fund? Come along to 2 French Court, a unique investment opportunity set on a sprawling 2908m² parcel of land.
This remarkable property comprises three duplexes, totaling six units, perfectly blending income potential and long-term asset growth.
Property Highlights:
• Units Overview: Of the six units, three are currently vacant, one is leased until 15 January 2025, and two are on periodic leases, each generating $610 per week. A current rental appraisal estimates that upon re-leasing, potential income could be $700 each per week.
• Interior Features: Each unit features tiled living areas with open-plan living and dining spaces that extend to the outdoors through ranch sliders.
The semi-separate galley-style kitchens are equipped with stainless steel sink benches, free-standing electric cookers with rangehoods, timber veneer cabinetry, a pantry, and a fridge space.
• Bedrooms and Bathrooms: The two generously sized bedrooms in each unit are carpeted and come with built-in robes. The bathrooms are well-appointed with vanities, toilets, and showers over baths.
• Exterior Amenities: Each brick unit boasts its own patio, storeroom, and double carport, providing plenty of parking space and convenience for tenants and visitors alike.
• Energy Efficiency: With solar water heating, tenants can enjoy reduced power bills, making the units even more attractive.
2 French Court offers the best of both worlds: a steady income stream now and a valuable asset for your future. Don’t miss out on this golden opportunity to secure a solid investment with immense potential.
Make your offer now and take a step towards securing your financial future with this exceptional property.
What to know?
Block size: 2908m2
Council rates: $13,000.00 approx
Water Rates:
2A French Ct - $905.10
2B French Ct - $890.81
4A French Ct - $897.96
4B French Ct - $905.10
6A French Ct - $905.10
6B French Ct - $905.10
Current estimate of rental income $700/unit/week, total annual income potential of $218,400p.a.
Set Date Sale, offers close at 2pm on 3 September,2024.
Who to talk to?
For more information about the property and the Set Date Sale process, contact Dylan Rakich on 0497 083 254.
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