Gross return of 11.3%. Rented @ $500PW until June next year. Located in the centre of Blackwater. Fantastic opportunity to invest. Totally, professionally rebuilt upstairs after fire in 2002. Residential ongoing leasehold to The Department of Environment and Resource Planning @ 5% on UCV of $75,000*. Either take it as leasehold or have it converted to freehold. Motivated vendor will negotiate.
(UCV = Unimproved Capital Value/Current @ last valuation)
The property features:
* 3 Upstairs Bedrooms
* Kitchen With Double Sink
* Upstairs Bathroom With Shower and Bath
* Fully Fenced Yard
* Air Conditioning

Inspections by prior appointment only. Minimum 48 hours notice.

Sustainability document available upon request.