Unique Investment Opportunity
A unique investment opportunity has become available with 6 units returning a total of $1,390/W, with rental potential in the current market of $1,680/W. The units, comprising of 5 x 2 bedrooms units and 1 x 3 bedrooms units, are of brick construction and have been well maintained, all occupied by solid tenants. Complete with 3 carports and 1 garage and occupying a 1941 sqm block just minutes to Bathurst CBD, day-care, schools, sports grounds and parks, this property is sold as a Torrens title c...
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A unique investment opportunity has become available with 6 units returning a total of $1,390/W, with rental potential in the current market of $1,680/W. The units, comprising of 5 x 2 bedrooms units and 1 x 3 bedrooms units, are of brick construction and have been well maintained, all occupied by solid tenants. Complete with 3 carports and 1 garage and occupying a 1941 sqm block just minutes to Bathurst CBD, day-care, schools, sports grounds and parks, this property is sold as a Torrens title complex.
Summary:
• 1/48 Lyal St - Two-bedroom unit with gas cooking and gas heater. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Private expired lease at $190.00pw, appraisal at $250 pw in the current market.
• 2/48 Lyal St - Two-bedroom unit recently recarpeted and repainted. Offers gas cooking and gas heater. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Private expired lease at $180.00pw, appraisal at $270 pw in the current market.
• 3/48 Lyal St - Two-bedroom unit with gas cooking and gas heater. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Private expired lease at $170.00pw, appraisal at $250 pw in the current market.
• 4/48 Lyal St - Two-bedroom unit with gas cooking and gas heater, recently repainted and recarpeted. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Single lock up garage. Currently in lease at $260.00 pw until 17 Sep 2021, rental appraisal at $280 pw in the current market.
• 5/48 Lyal St - Three-bedrooms semidetached recently recarpeted. All bedrooms are large with built-in wardrobes. It offers a separate lounge room with gas heating and a well-presented kitchen with gas cooking. There is a combined spacious bathroom/laundry and an enclosed yard at the rear. Electricity rewired in 2014. Currently in lease at $310.00 pw until 27 Oct 2021, rental appraisal of $330 pw in the current market.
• 6/48 Lyal St - Two-bedroom semidetached, recently recarpeted, and repainted, surprisingly spacious, and well maintained. Offering separate lounge room, open plan kitchen/dining area and combined bathroom/laundry with gas heating and cooking. There is also an added sunroom to the rear and easy-care yard. Electricity rewired in 2014. Currently in lease at $280.00 pw until 16 Dec 2021, rental appraisal of $300 pw in the current market.
Other information:
• 2 Semidetached units on one water meter
• Other 4 units on another water meter
• All units separately electricity metered
• Rates $6,361.49 pa
Summary:
• 1/48 Lyal St - Two-bedroom unit with gas cooking and gas heater. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Private expired lease at $190.00pw, appraisal at $250 pw in the current market.
• 2/48 Lyal St - Two-bedroom unit recently recarpeted and repainted. Offers gas cooking and gas heater. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Private expired lease at $180.00pw, appraisal at $270 pw in the current market.
• 3/48 Lyal St - Two-bedroom unit with gas cooking and gas heater. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Private expired lease at $170.00pw, appraisal at $250 pw in the current market.
• 4/48 Lyal St - Two-bedroom unit with gas cooking and gas heater, recently repainted and recarpeted. Both bedrooms offer BIRs. Internal laundry, bathroom with shower over bath. Single lock up garage. Currently in lease at $260.00 pw until 17 Sep 2021, rental appraisal at $280 pw in the current market.
• 5/48 Lyal St - Three-bedrooms semidetached recently recarpeted. All bedrooms are large with built-in wardrobes. It offers a separate lounge room with gas heating and a well-presented kitchen with gas cooking. There is a combined spacious bathroom/laundry and an enclosed yard at the rear. Electricity rewired in 2014. Currently in lease at $310.00 pw until 27 Oct 2021, rental appraisal of $330 pw in the current market.
• 6/48 Lyal St - Two-bedroom semidetached, recently recarpeted, and repainted, surprisingly spacious, and well maintained. Offering separate lounge room, open plan kitchen/dining area and combined bathroom/laundry with gas heating and cooking. There is also an added sunroom to the rear and easy-care yard. Electricity rewired in 2014. Currently in lease at $280.00 pw until 16 Dec 2021, rental appraisal of $300 pw in the current market.
Other information:
• 2 Semidetached units on one water meter
• Other 4 units on another water meter
• All units separately electricity metered
• Rates $6,361.49 pa
