These 5 x 1br units are to be sold as a whole. Based on being fully let, a return of $52,000 pa would give you a potential gross return of 7.5%. Naturally allowing for vacancies and overheads, you could still achieve in excess of 5% net return.
3 units are currently vacant for the purpose of inspection, and are in excellent order with a recent kitchen upgrade, paint, carpet and wet area freshen up. All have their own carport. Located just off Boundary road, they are most convenient to Town, South station, and Newcomb shopping centre.
They have an excellent leasing record and are the ideal ‘set and forget’ passive investment.
0418 520 353