Block of Units For Sale - VIC - Kennington - 3550 - Expressions of Interest – Residential Cash Cow (Image 2)

8 Dale Street Kennington VIC 3550

Statement of Information

For Sale $1,850,000 - $2,000,000

7 7 8

Property Type Block of Units
Land area approx 1232sqm
Region Loddon Mallee
Locality Greater Bendigo
Carports 8

Tags: Income

Expressions of Interest – Residential Cash Cow

Nestled at the top of a quiet and established court on 1232 sqm, 8 Dale Street Kennington presents a unique investment opportunity with high rental yield. Seven separate tenancies deliver a combined gross return of $148,720 per annum. Among these, a cream brick veneer boarding house and a detached unit block with four fully renovated units stand as a testament to the diversity and proven income of this exceptional investment all seven tenancies each have 1 carpark.

Boarding House:
The boarding house within this investment gem has undergone a complete internal transformation, ensuring a high standard of living for its occupants. Comprising three separate rooms, each with its own bedroom and living area, a convenient kitchenette, and a sparkling new bathroom, the central common area is designed for communal living, featuring a fully equipped kitchen, a dedicated laundry, and a shared living space that fosters a sense of community among residents.

Unit Key Features:
Four single-bedroom units, each meticulously renovated to offer contemporary comforts. The units feature brand-new kitchens and bathrooms with stone benchtops and equipped with European appliances and combined living/meals area.

With existing leases in place and a proven track record of strong returns, 8 Dale Street is the epitome of a secure, high-yield investment. Selling fully furnished, located within close proximity to Kennington Village, Kennington Reservoir and multiple primary and secondary schools.