This gated, secure complex of four large, 3 bedroom, 3 bathroom townhouses is located in a prime position on the city fringe, walking distance to multiple schools the CBD and Hinkler Central shopping centre.
The units are currently rented under market, having had the same tenants for many years paying a total of $1,340 per week. With a conservative market rental appraisal of $380 per week for each unit. At the expected price of $1.25mil, the investment offers the opportunity to return a gross yield of over 6%! That's over 10 times net what you would return with cash in the bank. The townhouses are also strata titled so can be sold individually, and with the growing demand for units in the area will increase you future capital gain potential.
Each unit features:
Upstairs:
- Large Master bedrooms have huge walk-in-robes, a/c and a large en-suite with dual
shower
- 2nd bedroom also has the luxury of its on en-suite and built-in wardrobes
- Good sized tiled living area with a private north facing balcony
Downstairs:
- Good sized kitchen with dishwasher
- Open dinning / living, air-conditioning and a good size functional built-in laundry
- Comfortable private rear outdoor patio
- 1 good sized bedroom with built-in wardrobes
- Bathroom with separate toilet
- Understairs storage
- Single lock up garage with internal access
18 Water St, represents a great investment opportunity for the astute investor. With the State government on schedule to commence construction of the new hospital in 2023 (10mins away), population and industry growth like we have never seen before (maybe it's thanks to COVID??) and one of the most desirable climates in the country.
TO RECEIVE FULL FIANACIAL INFORMATION AND FIND OUT MORE ABOUT THIS OUTSTANDING PROPERTY, CONTACT EXCLUSIVE AGENT NATHAN POWELL ON 0410 507 291
Disclaimer: LJ Hooker have been provided with the above information, however, the Office and the Agent provides no guarantees, undertakings or warnings concerning the accuracy, completeness or up-to-date nature of the information provided by the Vendor or other Persons. All interested parties are responsible for their own independent inquiries in order to determine whether or not this information is in fact accurate.
