37 Lambert Street, Ararat VIC 3377

Investor - Developer Alert. What a rare opportunity to purchase a dual income investment property. Both properties are currently leased with a combined return of $595 p/w = $30,940 p/a. With a long term rental history and a booming rental market, this opportunity is not to be missed.
A large 1360sq.m. allotment with 2 street frontages is ideal for future subdivision or development.. This is a great opportunity for investor, developer or owner occupier wanting a home plus additional accommodation for family guests or rental returns.
Centrally located only a few blocks to the CBD and elevated with views of Alexandra oval precinct. The property is set up with a 3 bedroom + 1 bathroom house & an attached 2 bedroom + 1 bathroom unit, both are leased out separately and have seperate power & water meters.
The front home is spacious and offers 3 good sized bedrooms, modernized kitchen which has loads of storage, electric cooking and dishwasher, neat bathroom, central heating and private courtyard.
The rear unit is also a good size and has access from the side entertaining deck, renovated kitchen offering great storage, dishwasher and electric cooking and modern bathroom with a separate toilet. A spacious lounge with French doors, 2 bedrooms and modern colors, tones and window coverings through-out.
A versatile property with plenty of scope to improve the current dwellings and to develop the rear.