Often sort but seldom found is this great investment property situated within an easy walk to both the beach and Rye Shopping strip. This property is located on a huge block of 1344 sqm approx. and consists of the following: HOUSE: 3 bedrooms, separate lounge, separate kitchen / meals area, separate family room and 2 toilets. Currently tenanted at $50.00 p/w to a member of the owners family till 10/4/2013 however rent should be $220.00 p/w. UNIT 1 (under house): 2 bedroom, open plan lounge / kitchen and separate bathroom. Currently tenanted at $150.00 p/w till 4/12/2012. REAR HOUSE: 2 bedrooms, open plan lounge / kitchen with gas heating and combined bathroom / laundry. Currently tenanted at $150.00 p/w till 20/7/2013. (Rent includes all tenant outgoings like water, power and gas). This property may also have the potential to be subdivided (STCA). This property is well priced and must be sold. Inspection is by appointment only.