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Flat
·
for sale
Request Details
New
Neighbourhood chatter: A Whole Block with Options
Wavell Heights North
· 7 Bedrooms · 5 Baths · Flat
· Equipped kitchen
Wavell Heights North · 7 Bedrooms · 5 Baths · Flat · Equipped kitchen
Held by the same owner for the past 25 years, this entire block of five spacious units presents a great opportunity for an investor looking beyond the usual single-property purchase. Set on a flat 809m² parcel of land, the property is currently leased and returning $113,880 p.a. gross, with plenty of flexibility in how you choose to approach it now and into the future. The five units are generously proportioned, with two 2-bedroom units and three 1-bedroom units. Each has a car space, laundry area and front and rear access. Unit 1 has also recently had a full kitchen renovation. The units are comfortable as they are, while offering scope to make improvements over time if and when you choose. You could simply retain the whole block as one investment, gradually renovate and improve the units, or explore the possibility of strata titling and selling individually, subject to the relevant approvals. And then there is the land. With 809m² on one title there may also be an opportunity to expl
Held by the same owner for the past 25 years, this entire block of five spacious units presents a great opportunity for an investor looking beyond the usual single-property purchase. Set on a flat 809m² parcel of land, the property is currently leased and returning $113,880 p.a. gross, with plenty of flexibility in how you choose to approach it now and into the future. The five units are generously proportioned, with two 2-bedroom units and three 1-bedroom units. Each has a car space, laundry area and front and rear access. Unit 1 has also recently had a full kitchen renovation. The units are comfortable as they are, while offering scope to make improvements over time if and when you choose. You could simply retain the whole block as one investment, gradually renovate and improve the units, or explore the possibility of strata titling and selling individually, subject to the relevant approvals. And then there is the land. With 809m² on one title there may also be an opportunity to expl
Request Details