Block of Units Sold
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Under Contract - Fantastic 7.9% Return with No Body Corp FeesProperty ID 1498531This block of three units all on one title is close to shops, entertainment and public transport has enjoyed long term tenancies and next to no vacancies. A perfect investment this property would make an excellent inclusion to any portfolio. For sale in one line you have the option to strata-title later and sell individually or hold as a complex.
Rental Income Unit 1: $290/wk for 3 year lease, Unit 2: $250/wk, Unit 3 $260/wk
Total Weekly Income - $800
Annual Rental Income - $41,600 per annum.
Total Insurance - $2,401 per annum.
Total Council Rates - $6,294 per annum.
Each unit consists of:
- Secure entry way and front patio area.
- Open plan lounge with access to the rear courtyard.
- Galley kitchen with plenty of bench and cupboard space.
- Two bedrooms with aircon and built-in robes.
- Bathroom with roman bath and shower, separate toilet.
- Airconditioning, security screens and lockable storage areas.
- Off street access and low maintenance gardens.
- Private rear courtyard.
The complex has been repainted and various renovations have already been done to modernise and upgrade the units.
Unit 1 is currently rented fully furnished and furniture package will be sold with this property.
Unit 2 and 3 are rented to 12 month leases.
With Warrina Shopping and Entertainment precinct just across the road this complex is a super-convenient location for tenants. You could live in one and rent the other, or keep all three as a high-demand rental asset.