Block of Units For Sale - VIC - Stawell - 3380 - Fantastic Investment Opportunity (Image 2)

16 Mary Street Stawell VIC 3380

Statement of Information

For Sale $580,000-$590,000

6 3 3

Property Type Block of Units
Land area approx 840sqm
Region Grampians
Locality Northern Grampians
Carports 3

Tags: Shed Lease

Fantastic Investment Opportunity

This fantastic investment opportunity includes three two bedroom units neatly bundled on a corner allotment of approximately 840m2 generating an impressive 7.2% (approx.) gross return on investment.

The property known as 16 Mary Street is a two bedroom home, both bedrooms feature built in robes. The spacious lounge room has reverse cycle split system air conditioning and opens to the dining area that is in turn open to the kitchen with electric cooking. The bathroom has a shower and vanity and the laundry and toilet are separate. Outside there is a single carport with remote roller door access and a handy shed of approximately 5m x 3.5m with a concrete floor and power connected. Currently on a fixed lease returning $265 per week.

Known as 1/12 Cypress Street, this unit has built in robes to one of the two bedrooms, a reverse cycle split system air conditioner to the open plan lounge and kitchen. The kitchen has gas cooking and the bathroom has a shower, vanity and toilet and incorporates the laundry. Outside there is an undercover entertaining area and single carport. Currently on a fixed lease returning $260 per week.

2/12 Cypress Street has two bedrooms, refrigerated in wall air conditioning and gas heating in the loungeroom that opens to the kitchen with gas cooking. The bathroom has a shower, vanity and toilet and also incorporates the laundry. Outside there is an undercover entertaining area and single carport. Also on a fixed lease returning $280 per week.

With a great return and a solid rental history, this property is well worth the consideration of all astute investors.