Four investments, sold as one
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.