Located on a 1012m2 parcel of land in the heart of town with rear lane access and 'R3 medium density residential' zoning, this property not only offers a current gross return of just over 7% but could have further development potential in the future.
Consisting of four self-contained flats, each featuring two bedrooms, living room, kitchen and bathroom, the current rental return of $220 per week per unit equates to a $45,760 per annum return on your investment which beats any bank and still offers opportunity for increased returns and capital growth. A wise investment for the shrewd investor!
