A Very Rare Opportunity

Its not often an R3 zoned block in the heart of East Corrimal comes to the market. Even better there are 3 Torrens titled townhouses on the lot. A perfect investment in the perfect location!


The Main Features:

- Each unit has 2 spacious bedrooms, the main with built in robes
- Functional layout that sees the kitchen, dining and living areas all downstairs with a 2nd toilet in all units
- Each unit holds its own grassed area, perfect for the kids & a table and chairs
- A single garage to each unit with internal access in units 1 & 2
- Ample off street parking and one visitor space at the rear of the complex
- Unit 3 holds a large yard perfect for the family to play in

The Real Benefits:

- Torrens titled, meaning no strata fees!
- Units are in good condition & very neat
- Units 1 & 2 are separated by a common double brick wall in the garage
- East Corrimal Public School at your fingertips with Corrimal High around the corner
- Situated a short walk to parks, train station, local shops & Corrimal Beach
- Short drive to access Memorial Drive

The Important Numbers:

Units 1 & 2 Size : 87 sqm
Unit 3 Size: 97 sqm
Land Size: 711 sqm
Unit 1 & 2 are 18 years old and unit 3 is 25 years old
Council Rates: $2800.40 per year
Water Rates: $2020.56 per year
Units 1 & 2 are currently rented at $370 per week
Unit 3 is currently rented at $360 per week with a vacate date in early May 2017
Market rent for all units is $420 per week or $65,520 per annum (4.68%)