Sold for $570,000
Excellent investment with Growth Potential
Now here is an investment opportunity for 2017!
Four brick units returning approx $37,400 per annum or $720 per week (Unit 1 - $190pw, Unit 2 - $160pw, Unit 3 - $160pw & Unit 4 - $210pw.
You can?t ask for a better return than that.
Two of the units are one bedroom, while the two others are two bedrooms all with carports in toe. Perfectly positioned in a quite location between Cuthberts Road and Sturt street or Remembrance Drive, this real estate package benefits from proximity attributes such as: the Ballarat Golf Club, the handy Alfredton shopping strip, Lucas Business precinct along with the well respected and neighbourly suburb of Old Alfredton.
Internally the units include feature brick internal walls through the combined living and dining area, with ?U? shaped kitchens adding a sense of space to the open living zone. Bedrooms are carpeted with built in robes while the bathrooms have been incorporated with the laundry facilities.
Individually designed, yet with a similar footprints, these units with carports and storage sheds can be viewed independently with a little notice given to each tenant.
As the allotment is large and provides generous space surrounding the units there is potential for further development and capital improvement.
This opportunity will ?knock the socks off? any other investment prospect.
Call our agent for further details, rates etc and inspection times.
median house price350000
median house rent249
suburb rental yield3.7%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.