Block of 3 Non-Strata Investment Units

1-3/9 Memagong Street, Young, 2594

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Contact for PriceFor Sale
  • Ownership Type Unitblock
  • Property Area 850 sqft
  • Bedrooms 6
  • Bathrooms 3
  • Furnished No
  • Last Updated 15th Aug, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Carport: 2
  • Garage: 1
  • Open Spaces: 2
  • Secure Parking
  • Air Conditioning
  • Toilets: 3

Property Overview

It's been quite some time since investors have witnessed an opportunity like this one.<br/>3 x 2 bedrooms brick veneer units in one title, built circa 1984 on approx. 849.9sqm's.<br/>Current gross rental income of $685pw/$35,620pa, generating a solid approx. 7.2% yield.<br/>Unit 3 is larger & internally updated comparably, returning $255 weekly, expiring 12/2021.<br/>Units 1 & 2 show their age and in need of TLC, mirrored plans, each rented at $215 weekly.<br/>Unit 1 benefits from a new lease expiring 7/2022 and the lease on unit 2 recently expired. <br/>Garage under roof to U3, freestanding double carport for U1/U2 and front car space to U2.<br/>The property is being sold subject to existing tenancies and unable to be sold individually.

Location on Google Map

1-3/9 Memagong Street, Young, 2594

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