LOW MAINTENANCE BLOCK OF UNITS – HIGH RENTAL RETURNS – NO BODY CORPORATE FEES
New to the market is this low maintenance, set and forget block of five units (two-bedroom, one bathroom). The property sits on a huge 2,088m2 block and is located in a peaceful close in the sought-after Whitfield area.
The block of units has been owned by the same owners for the past 14 years and all have been upgraded and renovated over the years and present well. Four units have gas cooking and remote garages. All units have their own carports/garages, front balcony, and back garden area – making them very desirable and easily rentable.
The layout of all five units are the same internally. They all have large open plan living and dining area with an internal laundry by the kitchen. There are high cathedral style ceilings in the living areas, making every unit appear light and large. Each bedroom is large and all have built in cupboards, security screens and air conditioning – and they all overlook garden areas. The bathrooms divide the two bedrooms and are a great size. The undercover carport separates the units and provides plenty of off-street parking right outside the front door. Four of the five units have remote garages making the units even more desirable.
The layout of the complex is lovely and private, and the tropical gardens are well established and maintained. Each property is strata titled but is being sold as a block. The properties are easily rented with lovely, long term tenants in place. Best of all, there are no body corporate fees to pay.
Properties like this one do not become available very often, so don’t miss a great opportunity. Contact us today for more information.
Rental income = $1,480 per week (with great potential to earn more)
Annual rates = approx. $2,500 per unit per annum
Insurance = $3,793.10 per annum for whole complex
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