Fantastic opportunities like this are very rarely indeed. Contact Paul ASAP if you have any interest in this unique listing. Planned launch to the open market in the next 10 days!
Consisting of four (4) units on one title, each with a long term lease in place. This is definitely a set and forget opportunity. Situated in a handy location close to the new Hospital, Greenhills and East Maitland Shopping Centre's, the station and local amenities it's investment appeal is easy to see.
Each unit consists of two bedrooms, with built-ins, open plan living areas, private courtyard and a single carport. Your payments are guaranteed with our long term tenants just signing (April 2021) a new 3 year lease renewal at $285 per week each unit ($59,280 pa). This will increase to $300 per week per unit in October 2022 ($62,400 pa).
Guaranteed rent, Great investment opportunity plus; the potential to add value down the track by strata titling the complex to four individual 2 bedroom units (STCA).
Property Features include:
-Four (4) units on one title
-Each unit is 2 bedroom, open plan design with private courtyard & carport
-The building is single level, double brick and tile construction
-Long Term lease with government organization, renewed for further 3 years (April 2021)
-Backing onto public golf course (East Maitland Leisure & Golf club)
- Minutes from schools, shops and both bus and rail transport.
-Current residents have each lived there for between 2 – 11 years
Units 1-4 / 22 Houston Avenue, Tenambit.
Price Guide: $1,050,000 to $1,100,000 (6.0%+ ROI and increasing @ 18 months)
Sound interesting; give Paul a Call on 0425 392 985. But Hurry!