A great opportunity for investors to secure a block of 6 townhouse units with potential for upgrading and increased rental growth or a strata subdivision (subject to council approval). Currently returning $53,300 per annum gross.

The units have a high occupancy record over the 32 years it has been managed by Bob Berry Real Estate. The current average tenancy is 51 months. (Three long term and three short term tenants).

* 6 townhouse units in central/south location
* Rental return of $53,300 p/a gross
* 5 units rented at $170 per week & 1 unit at $175 per week
* Rates approximately $6,165.62 per annum
* Land size: 1069m2
* Potential to increase rental returns with future upgrading
* Easy maintained common grounds
* Constructed in 1981 with only two owners since original developer

6 Units are identical in size and layout, each unit features:

* Ground floor open plan living, lounge with carpet.
* Kitchen with vinyl floor & breakfast bar
* Laundry with tub and auto washing machine taps
* 2 bedrooms located on upper floor, both with built-ins
* Bathroom upstairs with vanity, shower & toilet
* Split system reverse cycle air conditioning
* Off street tenant parking
* Downstairs construction is double brick, upstairs are double brick dividing walls and timber framed internal walls

The information and figures contained in this material is supplied by the vendor and is unverified.Potential buyers should take all steps necessary to satisfy themselves regarding the information contained herein.