Sandringham - Income Booster on 779m2 ! Premium Location!

Description

Deadline Sale 29 April 3PM unless sold prior On offer are 4 x 2-level solidly built townhouses, each with own individual Freehold Cross Lease Title. Total floor area is approx 468m² on 779m² flat site. Zoned - RESIDENTIAL-TERRACE HOUSING AND APARTMENT. Annual rental income return is approx $160,000 this could be your cash cow!! Option 1: DO-UP - upgrade these 4 properties to a high standard and make a profit or achieve a higher rental return. Option 2: Live in one & rent the rest. Option 3: Land Bank this 779m2, it is zoned for terrace houses and apartments. Keep for 10 years, and let the tenants pay your mortgage. Highly desirable CBD fringe location, handy to all amenities & the convenience makes this property even more valuable. The high rental income allows buyers to have long-term ownership to land bank or ample time to prepare development plans. Unit 1: is a 2-level townhouse, floor area approx 118m² with 3 bedrooms, 2 bathrooms, open plan living, dining & kitchen, good in/outdoor onto the front garden, separate laundry & a single garage. Current rental approx $720 pw Unit 2: 2 level townhouse, floor area approximately 121m², 3 bedrooms, 2 bathrooms, open plan kitchen, dining & lounge with good in/outdoor flow to the backyard. Separate laundry, single garage. Current rental approx $800 pw. Unit 3: Ground floor house, floor area approximately 100m². Spacious 2 living rooms, 2 double bedrooms and 2 bathrooms, separate laundry, 1 carport . Open plan family room and kitchen with easy flow to a private covered courtyard. Current rental $690 pw. Unit 4: Upper floor house, floor area approximately 111m². 3 bedrooms, 2 bathrooms, 2 huge balconies, separate lounge, open plan kitchen & dining, Separate laundry, tandem parking space for 2 cars. Current Rental $850 pw, plus, 2 extra parking spaces in front of the building for visitors. Motivated Vendor moving to Australia, this must be sold! No PLAN B! Don't miss out on this great opportunity. Buy one or buy 4 put in your offer today!