RETAIL PREMISES WITH 2 X 2 LEASE AND 2 FLATS WITH VERY LONG TERM TENANTS.
CURRENTLY RETURNING $39,000 PER ANNUM.
This main street property is well worth a serious look. The return is fantastic, the tenants don’t want to leave and while there is some TLC needed such as painting the flats, it’s a great buy!
The flats are 1x 3 bedrooms, and 1 x 2 bedrooms.
Both have sitting rooms and dining areas, kitchens and bathrooms.
A shared laundry downstairs is large and airy.
There are views to the river from the upstairs flat.
A good dose of tidying up will increase your return!!!
On the markey at $485,000 this property is zoned COMMERCIAL CORE.