Block of Units for Sale
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Fully Leased Central InvestmentProperty ID 17554113 Residential Units and a Commercial Shed
• 891 sq mts of prime location in Snowdon St with access from Forrest St as well.
• 3 x 2 bedroom, 1 bathroom Units all leased
• Commercial Shed with secure lease. (Approx 216 sq mts)
• Approximate Gross income from current rentals of $37,700
• City Centre zoning
The location is literally a few hundred metres walk into the CBD and Marina area, the Units are dated but solid and the possibilities are many. The Units are brick, have undercover parking, been maintained well with some upgrades having been done as required. They could possibly be strata titled, maybe upgraded and turned into short term City stay or Airbnb. The Shed is old but serviceable and had had the same tenant for many years.
Rents and prices go up and down all the time. Because of their location, these have always been quite easy to find tenants for and in better times, rent prices will return to higher levels. What you are buying at now is a price reflective of the current rental market so as time goes by and rents rise again, these will surely become more valuable and sought after. The opportunity is now!