Small block of flats

This investment property of three self-contained flats presents a rare opportunity to secure a versatile asset with immediate income as well as promising future growth and potential.
Situated in an older style brick veneer complex, the property offers a 3-bedroom unit on the top floor and two 1-bedroom units on the lower, returning a healthy gross income of $70,720 per annum. Take advantage of the high-demand location, long-term leases and large block of land.
This property has massive potential for improvement or further development, subject to council approval.
A tremendous development opportunity...
• Lot size: exceeds 1,100 m2
• Land dimensions: approx. 15.24 x 71.55 m (STS)
• Fully leased complex: $1,360 per week (gross)
• Best of both worlds, offers city living in a quiet setting
• Potential to renovate existing dwelling for improvement
• Refer to IM for full tenancy and apartment information.


Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.