53 Vincent Road, Morwell VIC 3840

Currently rented, returning $10,400 per annum (an excellent 8.73% return on investment) and with a planning permit in place this home is excellent buying.
Comprising of three good size bedrooms, kitchen/dining area, separate lounge, bathroom and a separate toilet this home is the ideal add for an investment portfolio or first home. With character features, there is potential to update and redecorate to create your own personal touch or keep rented as is, to instantly reap excellent returns.
There is a planning permit & full set of plans for three dwellings on a 3 lot subdivision available. The planning permit is for three two bedroom, double story townhouses all with two bathrooms, carport and private rear yard. With a lower proportion of quality homes for rent in Morwell this could be your chance to redevelop. All thats left to do is organise the builder.
Close to shops, schools and most other amenities, this property presents an outstanding opportunity not to be missed.