$415,000

2 Bed • 1 Bath • 0 Car • 503m²

Main view of Homely other listing, 59 Strahan Street, South Burnie TAS 7320

Floorplan of Homely other listing, 59 Strahan Street, South Burnie TAS 7320

Second view of Homely other listing, 59 Strahan Street, South Burnie TAS 7320

+12

Sold

Third view of Homely other listing, 59 Strahan Street, South Burnie TAS 7320

Fourth view of Homely other listing, 59 Strahan Street, South Burnie TAS 7320

+10

Sold

59 Strahan Street, South Burnie TAS 7320

Copy address

$415,000

2Bed
1Bath
0 Car
503m²

Other Sold on Mon 21 Jan, 2019

What's around Strahan Street

Other description

“One Investment = Multiple returns”

Ideally located on a highly visible corner with proximity to Bunnings and other local South Burnie businesses, this brick property represents an exceptional opportunity to invest in one transaction, yet capitalise on three rental returns as the property has been remodelled in years gone by to provide 3 separate tenancies.

1. A 2-bedroom unit currently tenanted until May 2019 at $220 per week.

2. Takeaway business including SAV with plant and equipment and a newsagency licence. Currently tenanted until May 2020 at $308.55 per week + outgoings.

3. Hair dressing salon currently tenanted until November 2020 at $253.44 per week + outgoings.

4. There is also currently a new 3 year contract with Clause for the signage. $750 + GST 2019 with $100 increases each year after.

The 2 bedroom unit is neat and comprises a separate lounge with a reverse cycle air conditioner and a wood heater, eat-in kitchen, bathroom and separate laundry. Both bedrooms have built-ins.

This versatile investment proposition returns over a 9% gross. Now is the time to put your money to work.

Any questions...I would be happy to help, so come and discuss it today.