MULTI INCOME INVESTMENT WITH DEVELOPMENT POTENTIAL

Web Ref#PN4542

Deadline Sale: 23rd October 2:00PM

This is an exceptional opportunity to secure a unique multi-income property in a prime central location.

With a total of 9 bedrooms. The main house at the front of the property consists of two units (1 bedroom at the front with a separate lounge and 2 bedrooms at the back) both tenanted. There's plenty of scope here - renovate, redevelop or reconfigure to maximise value.

Behind this is a solid block of three classic 1970s brick and aluminum 2 bedroom units. all tenanted, adding further income security. Each unit is Healthy Homes compliant and on a cross-lease title. Together all the flats return a gross rental of $1,780 per week, providing strong holding income while you explore the future possibilities.

Centrally located, close to city amenities, transport and schools, this is an opportunity for investors, developers or land-bankers to secure a rare multi-income property in a growth area.

Limited viewings by registration and appointment.

TO BE SOLD AS ONE BLOCK

Deadline Sale: 23rd October 2.00PM

Additional Features

  • Bedrooms: 9

  • Bathrooms: 5

  • Ensuites: Nil

  • Garaging: Nil

  • Car Ports: 2

  • Age: 1920's and 1970's

  • Roof: Tile Profile & Iron

  • Joinery: Wood & Aluminium

  • Heating: Heat Pump x5

  • Dining: Open Plan

  • Kitchen: Open Plan

  • Exterior: Weatherboard & Brick

  • Style: House + 3 x Flats

  • Insulation: To Healthy homes standard

  • TradeMe YouTube Video Key: V5qfzizf_sU

  • Local Council: PNCC

  • Total Annual Rates: $14,428.94