Investment Property in Towradgi

Situated in a peaceful, sought-after street in Towradgi, this unique investment property consists of three self-contained units. Comprising a 1 bedroom unit, a 2 bedroom unit, and a 3 bedroom unit, it offers a flexible rental income stream that appeals to a broad range of tenants, from singles to small families.

Recent renovations have enhanced the property's appeal, with updated kitchens, refreshed interiors, and modern fittings throughout. The facade, with its charming double-door entry and balconies, has also received a facelift, giving the building a fresh yet timeless look.

The location is one of this property's key selling points. A short distance from both Corrimal and Towradgi beaches, it offers tenants easy access to the best of coastal living. The quiet suburban street ensures a relaxed and serene lifestyle, while still being close to key amenities, shops, and public transport.

Each unit is bright, spacious, and well-laid-out, with individual balconies providing that extra bit of living space. The large backyard could also serve as a communal area or be split for private use among the tenants. With a total residence area of approximately 412sqm, including a cellar, garage, and workshop, this is a substantial property that presents numerous options for development or long-term rental income. A large underground cellar serves as the perfect storage space for the complex spanning the entire width of the property.

The current rental income is as follows:
• Unit 1 (3 bedrooms, 1 bathroom) is leased at $600 per week.
• Unit 2 (1 bedroom, 1 bathroom, 1 car space) is leased at $370 per week.
• Unit 3 (2 bedrooms, 1 bathroom) is leased at $610 per week.

With an annual income of $82,160, this property offers a strong return on investment. The large backyard and individual outdoor spaces or balconies for each unit provide additional appeal for tenants seeking privacy and relaxation.

Important Numbers:
Council Rates: $907.90pq
Water Rates: $518.37pq


Agent: Sam Vescio LREA 1300806

*This advertising has been prepared by MMJ Real Estate (MMJ) for the purpose of advertising and general information only. MMJ do not guarantee, represent, or warrant that the information contained in this advertising is correct. Any interested party should undertake their own inquiries as to the accuracy of the information publish