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13 Bedroom Blockofunits In Kooringal, Australia (ref. 24794319)
Date & Time Listed: 2016-09-19 09:32:50 (GMT)
1,100,000 Simply one of the best investments to come to the market. This block of seven residential flats offers variety with three different layouts. There are three two storey two bedroom units plus three single storey two bedroom units and a one bedroom unit. Located at the city end of Kooringal, tenants have the convenience of doing their shopping at either the Kooringal Mall or in the city centre. Public transport is a short walk away on Lake Albert Road which also connects with buses to Charles Sturt University. The property is occupied with a mixture of tenants including two long term tenants who have resided at the property for over 15 years. Potential to increase income through renovation with only one unit unit7 having been renovated in recent years. Strata titling is an option subject to Wagga City Council Approval . Unit 1 - Lease Commenced 21 09 2016 - Lease Expires 20 09 2017 - Rent 195 pw - Single Level - 2 bedroom unit Unit 2 - Lease Commenced 9 05 2016 - Lease Expires 8 11 2016 - Rent 220 pw - Two Storey - 2 bedroom unit Unit 3 - Lease Commenced 30 04 2014- Lease Expires 20 06 2017 - Rent 220 pw - Two Storey - 2 bedroom unit Unit 4 - Lease Commenced 20 10 2000- Lease Expires 18 10 2016 - Rent 180 pw - Two Storey - 2 bedroom unit. Below market rent Unit 5 - Lease Commenced 14 05 1990 - Lease Expires 6 06 2017 - Rent 155 pw - Single Level - 1 bedroom unit. Below market rent Unit 6 - Lease Commenced 23 03 2016 - Lease Expires 27 03 2017 - Rent 200 pw - Single Level - 2 bedroom unit Unit 7 - Lease commenced 09 09 16 - Lease Expires 08 09 17 - Rent 220 pw - Single Level - 2 bedroom unit. Renovated. Land area: 1,606.36 square metres Zoned: R3 Medium Density Council Rates: 7,268.90 per annum Estimated Annual income: 72,280 per annum Investment opportunities of this quality are rare and keenly sort. Enquire today for more information.
Number of Bedrooms: 13
Number of Bathrooms: 7
Price: 1,100,000.00 AUD
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