Are you seeking to buy your first home or investment property on a limited budget? Then you will need to hurry as two of the three we had available to sell in this block have already sold.
On offer is a two bedroom leasehold unit in a block of 4 priced at $105,000. The unit is on its own title and has off street parking. The owners are now off-shore, are keen to sell, and seek offers.
The solid 1960's largely brick and tile block sits on a 609 sqm site, is zoned for popular Stonefields School, and is minutes to beaches, buses, train and shopping centres.
The unit has a history of a very stable tenancy with rent providing a gross income of $18,200 per year. With some TLC there is potential to increase that rental income.
The perpetually renewable lease is until 2029 and the current lease cost is $9,100 per annum.

Agency reference #: RMU23383