Owner selling due to overseas business opportunities. Two tiles.
Unit 1. Unrenovated 1 bedroom unit with long term tenant of 8 approx years. Currently rented at $100 per week. Could be increased after renovation. Unit 2. Studio apartment currently rented at $140 per week. Two, three bedroom houses with carports, fully fenced back yards. Polished floors, new hot water service. Electric kitchens. Bathrooms with separate toilet. First house with reverse cycle and second house with gas heating. Large outside entertaining areas with privacy fencing. Each rents at $220 per week. Additional space for another house or 2-3 units with inground services. Can be added anytime after DA process. Existing 10% gross return with positive cash flow from Day One