Invest for capital growth AND cashflow! Exceptional opportunity to purchase an entire block of 4 units (one title) in one line. Showing consistently high occupancy rates over the years, these units are all in basic original condition, offering excellent potential for refurbishment by a purchaser who wishes to capitalise on the strong rental market to further increase the returns. Otherwise, sit back and continue to enjoy the healthy yield and virtually zero vacancy rate already being achieved.

Of red brick and tile construction, the complex comprises two 2 bedroom units and two 1 bedroom units, undercover parking for 4 cars, a common laundry area plus a storeroom. Situated on 751 Sq.M of land over 2 lots with a current gross annual return of approximately $36,000, this is a fantastic opportunity to kick off or add to your investment portfolio. Strategically positioned in the low supply/high demand cheaper end of the rental market, there is great scope for ever increasing returns.

Unit 1 – 2 bedrooms, kitchen, living/dining, bathroom - $170pw (expired lease), very basic condition, long term tenant since 1997. Rent potential of $240pw after refurbishment.

Unit 2 – 2 bedrooms, kitchen, living/dining, bathroom - $170pw (expired lease), very basic condition, long term tenant since 1998. Rent potential of $240pw after refurbishment.

Unit 3 – 1 bedroom, kitchen, living/dining, bathroom - $180pw (fixed term lease expires 13/04/2013), neat and basic condition. Rent potential of $210pw after refurbishment.

Unit 4 – 1 bedroom, kitchen, living/dining, bathroom - $170pw (fixed term lease expires 02/04/2013), neat and basic condition. Rent potential of $210pw after refurbishment.

Council rates approx $2,453 pa, Water rates approx $1,947 pa

Do the sums, talk to your accountant and make your move. Contact Chris Burrell for all enquiries on 4932 4356