Six bedsitter units in two blocks of three, with an estimated net return of 9% per year. Two long-term tenants who would like to stay.
Sound weatherboard units built in 1964. Corrugated iron roofing, wooden window frames, Gib-board and hardboard linings, tongue & groove timber floors.
Each unit has an area of just over 31 square metres, some in good tidy condition, some require redecorating and/or upgrading.
Separate small storage sheds and communal laundry. Large site suitable for further development.
Quiet, no-exit street close to town centre. Less than 3km to popular fishing, surfing and swimming beach
2014/15 Rates: $11,851.88
A market valuation dated March 2014 is available on request
Contact Gordon on 0800 111 323
After hours: Karen on 027 246 5532