House For Sale - VIC - Portland - 3305 - Double Up Your Investment (Image 2)

94 & 94A Otway Street Portland VIC 3305

Statement of Information

For Sale $485,000

5 2 2

Property Type House
Land area approx 643sqm
Region Barwon South West
Locality Glenelg
Carports 1
Garages 1
Toilets 2

Tags: Dairy Lease Income

Double Up Your Investment

This property is more than it seems from the front, offering a delightful three-bedroom main residence with a separate self-contained unit hidden at the rear. The flexibility of this property makes it a very appealing investment opportunity, taking advantage of a dual rental income. It is also an ideal solution for those looking for a separate residence in close proximity for extended family living. The main house is both neat and inviting and boasts a spacious layout, carpeted throughout with good kitchen storage and a single garage. The additional residence at the rear is currently tenanted at $300 per week on a fixed term lease until June 2025 and the main residence is currently on a fixed term lease at $390 per week until November 2025, providing a fantastic opportunity with a steady income stream. This tidy two-bedroom unit also includes its own backyard, ensuring privacy and a sense of space while being tucked away from the street. Only 1.2km from the town centre, with schools and kindergartens close by and the convenience of a milk bar a couple of blocks away, this property is in a great location. . Don't miss out on this rare chance to secure a home that offers both flexible living or a dual rental income in a desirable location.