“Drumbarton”

A unique opportunity to purchase a block of 4 apartments, (two 2 bedroom and two 1 bedroom) on one title on an allotment of 639 sq/m. Right in the heart of one of Geelong’s most sought-after areas, only a short stroll to Pakington street with is vibrant night life, fabulous cafes, restaurants and shops. Bus services are close by and it’s only a short walk to Geelong Train station.
These apartments are fully let returning $56,160 pa, 3 have recently been repainted, updated with new kitchens, bathrooms etc. 3 new split system air conditioners have also recently been installed. One apartment is fairly original offering scope for an upgrade and improved yield. Many period features are intact and room sizes are generous.
There may be scope for the astute investor to build one or two apartments in the rear garden or subdivide (STCA).
This opportunity is hard to replicate, rental demand for this property has been strong, savvy investors will appreciate the outstanding capital growth potential offered by this location along with solid rental income.

For more information on this property text '12 Thomas' to 0428 444 841

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