This is a rock solid investment, these two units are currently returning 9.46% plus with an option to subdivide.
Located on a large flat 1105sqm section, there is ample room on the rear section to subdivide and develop if preferred.

Features of the property include:

* 2 x 2 bedroom units on a large flat subdividable section
* Rental income: Unit 1 $180 per week, Unit 2 $175 per week (for a long term tenant)
* Realistically priced at Offers over $195,000, Capital Value is $212,000
* These units could do with some TLC which would increase the value and rental return
* Easily rented and currently managed by a rental agency

High schools and parks are nearby. A bus stop just around the corner and 10 minutes drive to town.

This is a brilliant investment opportunity with the potential to develop and significantly add value.

Contact the owners for more details.

Viewing by appointment.

Agency reference #: 11254