Forget Bank Interest

Got plenty of cash in the piggy bank or super fund? Wanting a higher return? Bricks and Mortar is the way to go. We have for sale a unit complex comprising four units, details as follows:
Double brick construction, concrete slab.
Unit 1 - Three bedrooms, split a/c systems, built in cupboards, open plan living, spacious bathroom/ laundry, built in bar unit, courtyard with undercover area, single carport.
Units 2 - 4 - Two bedrooms each, assorted heating and cooling, open plan living, seperate bathroom and laundry, single carports.
New roof installed on all units.

The property is selling as vacant possession, no tenants in situ. Rental appraisals as follows:
Unit 1 - $280pw
Unit 2 - $200pw
Unit 3 - $200pw
Unit 4 - $200pw

Total $880pw, $45,760pa, 9.9% Gross Return - minus rates is 9.3% net return.

Council rates approx $1,200pa, water approx $1,600pa plus usage.

Agents Commentary - The units are dated and require enhancement to lift the rental yields. Paint work is good, floor coverings poor, kitchens and bathrooms fair condition. If a complete overhaul was to be completed ie new kitchens/ bathrooms etc the following rental appraisals would be applicable:

Unit 1 $320pw
Unit 2 $230pw
Unit 3 $230pw
Unit 4 $230pw

$52,520 PA Rental Return -

Agents Note:
1. It is highly recommended that all purchasers have pre-approved finance before booking inspections. This is a requirement for all inspections.
2. All offers are to be in writing with the terms and conditions of the offer emailed to clifford.wren@raywhite.com
3. All properties will stay on the market and all offers will be presented to vendors right up until an exchange of contract.
4. The agent is obliged to submit all offers to a vendor even though there might be an offer and acceptance between buyer and seller. This is known as gazumping and it is legal in NSW.
5. It is the responsibility of the purchaser to efficiently exchange a contract of sale, otherwise gazumping can occur.

Explore the area

School catchments

Alma Public School Primary P-6 Government 0.39km
Railway Town Public School Primary K-6 Government 2.3km
Broken Hill High School Secondary 7-12 Government 2.7km
Broken Hill Public School Primary P-6 Government 3.1km
Burke Ward Public School Primary K-6 Government 3.1km
Sacred Heart Parish School Primary K-6 Catholic 3.5km
School of the Air Primary P-6 Government 4.4km
Broken Hill North Public School Primary K-6 Government 4.6km
Morgan Street Public School Primary K-6 Government 4.7km
Willyama High School Secondary 7-12 Government 5.4km
Menindee Central School Combined K-12 Government 100.7km
Wilcannia Central School Combined P-12 Government 187.3km
St Therese's Community Parish School Primary K-6 Catholic 187.6km
Pooncarie Public School Primary K-6 Government 186.9km
Peterborough Primary School - Yunta Campus Primary Government 190.2km
White Cliffs Public School Primary K-6 Government 199.6km
Palinyewah Public School Primary K-6 Government 213.3km
Coomealla High School Secondary 7-12 Government 241.5km
Merbein P-10 College Combined Prep-10 Government 249.6km
St Joseph's College Mildura - Mercy Campus Secondary Catholic 252.1km
Renmark High School Secondary 7-12 Government 252.3km
St Francis of Assisi College Secondary 7-11 Catholic 253.0km
Red Cliffs Secondary College-FLO Connect Campus Secondary Government 253.2km
St Joseph's College Mildura Secondary 7-12 Catholic 253.6km
St Joseph's College Mildura - VCAL Precinct Campus Secondary Catholic 253.6km
Chaffey Secondary College Secondary 7-10 Government 254.2km
Trinity Lutheran College Combined Prep-10 Independent 254.4km
Mildura Senior College Secondary Prep-12 Government 254.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.

Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.