This property, comprising a Californian bungalow PLUS three 2 bedroom units PLUS three 1 bedroom units, four of which are fully furnished, sits in an excellent central location, on a bus route, close to Terrace End shopping, banks, UCOL, a petrol station and the hospital. A weekly income of $1535 produces a gross return of just over 9% based on the asking price and a net return of 7.7% assuming a 100% occupancy rate. The actual occupancy rates over the past two years have been very close to 100%. The flats are constructed of brick with decramastic tile roofing and there are allocated car parks for all of the tenants. To avoid constant interruptions to tenants from prospective buyer enquiries, A GUIDED TOUR, commencing 2PM SHARP, will take place on SUNDAY, 30TH AUGUST, 2015.
Open Home: 30/08/2015 from 02:00 p.m. to 02:30 p.m.