Two Properties, One Title - Fantastic Investment Opportunity
Offers Over $470,000
156 Alanvale Road, Newnham
These two well-presented properties offer the astute investor a good rental return and also the opportunity to separate the properties to strata title S.T.C.A. The front house has been well cared for and offers 3 bedrooms, an updated bathroom, open plan living and dining spaced and is heated by a reverse cycle air conditioner. Currently tenanted at $250 per week. The back unit is modern and offers two bedrooms, an open plan kitchen and lounge space heated by a reverse cycle air conditioner; as well as a study and a double garage with separate laundry and work/storage area. The landscaped grounds and paved entertaining areas these makes for a great all round package. Currently rented with long term tenants in place at $380 per week until 2020. With low ongoing costs and only one set of rates, both properties bring in a fantastic rental return each year. ROI is sitting just under 7%. Be sure to call today to find out more about the opportunity to break into the rental market or expand your rental portfolio.