13 bedrooms rented at $1,650 per week = $85,800 p.a. (52 week basis)
8% p.a. return on asking price.

Unique opportunity to purchase 2 adjoining properties, with 4 dwellings over 2 titles totalling 1138m2 of L2 land (SAM).

1/27 Tika Street - 5 double bedroom house built 1940-49, with 2 additional rooms added in 1976. 2 storey with kitchen, living room, laundry, separate toilet & 1 double bedroom downstairs. Upstairs 4 double bedrooms & bathroom with toilet. Outside patio area & single garage plus off street parking.

2/27 Tika Street - 3 double bedroom house built 1975-79, 2 storey with kitchen, living room, bathroom, laundry with toilet & 2 double bedrooms downstairs. Upstairs has 1 double bedroom. Outside is patio & garden area, plus a double carport & off street parking.

3/27 Tika Street - 1 double bedroom studio built in 2005, 2 storey with open plan kitchen/ living room, bathroom/ toilet downstairs. Upstairs has 1 double bedroom. Outside patio area & carport with off street parking.

29 Tika Street - 4 double bedroom house built 1940-49, 2 storey with kitchen, living room, laundry, separate toilet & 1 double bedroom downstairs. Upstairs has 3 double bedrooms & bathroom with toilet. Outside patio area & single garage with off street parking.

Each property has a centrally located heat pump

Current tenancies as follows:
1/27 $590 pw til 06/02/15
2/27 $360 pw til 24/01/15
3/27 $230 pw til 15/11/15
29 $470 pw til 30/01/15
Total rental of $1,650 per week = $85,800 pa.

These properties have been rented out in this manner since early 1990 and been very successful with very low vacancies. A mixture of students & mature single tenants currently occupy these houses. Some have been long term tenants for over 7 years.

Well cared for and sunny. Located within reasonable