Four in­vest­ments, sold as one

Midwest Times - - HOME & PROPERTY -

This in­vest­ment op­por­tu­nity con­sists of three res­i­den­tial units and a com­mer­cial shed on one block.

The well-placed lo­ca­tion is a few hun­dred me­tres walk from the CBD and ma­rina area, and while the units are dated they are solid, of­fer­ing many pos­si­bil­i­ties.

The units are brick, have un­der­cover park­ing, have been main­tained well, with some up­grades as re­quired. They could pos­si­bly be strata ti­tled, maybe up­graded and turned into short-term city-stay homes or Airbnb, sub­ject to rel­e­vant laws. The shed is old but ser­vice­able and has had the same tenant for many years. Fea­tures in­clude:

Large 891sqm prime lo­ca­tion in Snow­don Street, with ac­cess also avail­able from from For­rest Street. Three leased two-bed­room, one-bath­room units. Com­mer­cial shed, about 26sqm, with se­cure lease. Gross in­come from cur­rent rentals of about $37,700. City Cen­tre zon­ing.

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