Unit 1-4/113 Commercial St, Merbein VIC 3505

A closely held block of units, located in Central Merbein, is now on the market.

The four (4) solid brick units are all on the one Title, on an allotment of 1207 M2.

Each unit is in very good order, currently, fully tenanted for at least 12 months and have two bedrooms and one bathroom. They are currently leased at $285 per week to excellent tenants.

The current rental appraisal for each unit is $295 - $315 per week.

Based on the asking price range that is a 5% return on investment, (better than bank interest), plus ongoing capital gain.

This blue-chip investment, in a fast growing town that has attracted a lot of attention from investors for good reason, represents excellent investment value.

The asking range is $1.2 M to $1.32M.

All enquiries to be directed to John Fumberger on 0408 147 001.

Property Code: 681