This three-flat property is a wonderful investment that will attract high quality tenants year after year. The warm, timber features throughout the property convey a more homely feel than most rental options, which offer a pleasant living experience for discerning tenants.
The street level entrance contains a 2-bedroom and 3-bedroom flat that are side by side and spread over generous floor areas. They come fully furnished with quality chattels and are rented on fixed term tenancies for 2022. In the past they have been utilised for AirBnB accommodation which gives an indication to the quality level of the property.
The basement flat is a 3-bedroom dwelling on a fixed term tenancy, comes partially furnished and is of the same high quality as the flats above. Each flat has its own off-street carpark at the rear of the property, although walking to work in the middle of town is only a 10 minute stroll. This is the perfect location and accommodation for young professional tenants.
The property and its rear neighbour are currently being converted to a freehold title, from their current unit titled status. The buildings are both standalone and only share driveway access.
The rent roll for 2022 is $1,610 per week, producing a 5.6% return against the asking price. This is a set and forget style of investment that you will want to own for quiet and tasteful tenants.
A full Colliers Information Memorandum and additional property documentation including LIM is available on request.
Viewings are by private appointment only with our Broker.