This property on 1356m2 is two flats commanding total annual rent of $18,250.00. This equates to a gross rental return of 6.1%.
The building is old but of quite solid construction. The owner acknowledges that there is some work to be done and will meet a serious buyer accordingly. It is not the Hilton, but the block of land is large and the return is above average.
So be quick to check this out and pick up what is probably the best potential return residential investment property on the market.
Call me, Peter Ferrett to arrange an inspection.
Sustainability declaration available on request.