PROPERTY SUMMARY

Bed 6 Bath 3 Car 3

PROPERTY DESCRIPTION

This property is currently not available.

SOLD $1,006,500 – 6 Qualified Bidders

For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. Open to all buyers, including finance, subject to seller approval. Go to openn.com.au for more info.

This exceptional investment is one of those rare opportunities that’s hard to look past.
Set on approximately 791sqm, the complex comprises of three 2-bedroom units all on their own titles.
The combined current rental income is $790 per week with potential rental return, once renovated, as high as $950 – $1,000 per week.

Unit 1 – Lease runs to Aug ’22 currently paying $255/wk
Unit 2 – Recently vacated, new potential rent $300/wk
Unit 3 – Periodic lease, currently paying $235/wk

All 3 units offer the potential for a full renovation and the opportunity to add value to each one. With Unit 2 now vacant and ready to renovate with guaranteed income from the other 2 units while renovating.

Each unit offers open plan kitchen living, 2 spacious bedrooms with built in robes, adjacent lock up garage and own private courtyard garden.

With a shortage of spacious and fully renovated units in this area, as each unit is already on its own title, there’s also the guaranteed and cost-effective option to renovate and sell off each unit individually achieving maximum profit in doing so.

The location is exceptional, just round the corner from the Bellarine Village Shopping Centre, with bus services close by, and only 7 minutes to the CBD. These units present the perfect investment mix; immediate income, great location and value adding potential.

For sale by Openn Negotiation (flexible conditions online auction). The Openn Negotiation is under way and the property can sell at any time. Contact the sales agent immediately to become qualified and avoid disappointment. Open to all buyers, including finance, subject to seller approval. Contact Ross Bywater for more information and to arrange an inspection on 0457 888 113