5A, 5B, 6/317 Moorabool Street, Geelong VIC 3220

Fantastic town centre investment comprising 3 easy let units (2 x 1 br and 1 x 2 br), beautifully refurbished 7 years ago. Offering a high standard of accommodation and excellent location. All are currently leased returning $335, $330 and $345 per week. This annualises out at $52,520 gross assuming nil vacancies. Last full financial year the net return after all expenses was $36,272. This could be further enhanced by the incoming buyer if additional works were done such as separate power, water and gas metres. The landlord currently pays this due to not being able to apportion them and consequently accepts this $4,689 approx expense. So essentially this could readily become a $40,000 net pa investment. With Geelong justifiably being a true property hot spot, this investment will set you up for the future.