Block of Units description
This block of 6 units is looking for a new owner to add it to their portfolio. Situated in popular North Ward and only a few blocks from The Strand, this is a fantastic opportunity to secure an established investment property.
With 2 units at the front of the block and 4 at the rear, each of the 6 units is currently tenanted and includes:
* 2 built-in bedrooms upstairs - the master air conditioned
* Balcony to the master bedroom to catch cool breezes
* Upstairs main bathroom
* Open-plan, downstairs living area and kitchen
* Internal laundry with space for storage
* Single, covered carport
* Security screens and ceiling fans
Currently providing rental returns of $1,465 per week with a gross yield of 8.4% per annum, this well-established property is a must have for the astute investor.
**Note - Advertising photos and floor plan are of Unit 1.
Council Rates - approx. $17,300 pa.
Body Corporate Fees - N/A
Land Size - 1,012 sqm