Sold

1,3,5 & 7 Palmerston Street,
Ararat 3377, Victoria

8 bedrooms
4 bathrooms
4 car spaces
Block of Units

$748,000


Property details

Investors... $42,000 Returns in the heart of town

What an opportunity to invest in bricks & mortar with this modern unit complex, located in the centre of town, opposite Alexandra Lake & Gardens.

Add to your investment portfolio or Super fund with this proven rental performing unit complex comprising 4 units, all separately titled and fully leased!!

All 4 units have 2 good size bedrooms with built-in robes, 1 bathroom, split system, electric cooking, gas hot water, single carport, outdoor paved area and easy gardens.

Three of the 4 units have had their kitchens and bathrooms updated and are well maintained, making these a low maintenance, worry free investment option!

All 4 units are currently leased to long term tenants which is peace of mind for buyers & strong returns from settlement day. Currently returning $42,900 gross, the current market for each unit would be $250 p/w per unit which would increase the returns to approximately $52,000 per year.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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