Investment or development
The investment opportunity presented to buyers at 27 Maiden St, Moama, is one not to miss. The property includes seven two-bedroom brick units on one title on a high-profile corner location with three street frontages. All units are well-maintained and in excellent condition, enjoying terrific occupancy rate. Each unit has two bedrooms, large living rooms, modern kitchens with electric appliances, heating and cooling, bathroom, laundry and carport. In an excellent position, the units are within walking distance of Moama Bowling Club, central business district, sporting facilities, pool and supermarkets. The units would make an ideal investment, development opportunity or holiday lettings. The average gross income is $65,000 (gross rental income in 2012 was $68,500). The units can be viewed by appointment and will be auctioned on Saturday, February 23, at 1pm at the Port of Echuca Quality Inn. Inquiries to Gary Wood at Charles L King and Co First National, phone 5482 2111 or 0408 505 256.