Great Investment Opportunity

This 3 unit property located in the small community of Manilla is just a 30 minute drive from Tamworth on a straight sealed road. This property is situated on a corner block in a quiet area of Manilla. Units 1 & 3 are 3 bedrooms and Unit 2 is a 2 bedroom unit. This property is within 5km of a hospital, doctors and an IGA. Tenants in units 1 & 3 currently pay $195 a week and Unit 2 $130 a week as she has done her own renovations. The new rent potential for the whole complex is $630.00 a week with no strata fees. There is in place one long term tenant in unit 2 that has been there for 20 years , the tenant in unit 3 has been there for 6 years and the tenant in unit 1 has been there for 6 months. The tenants in units 1 and 3 may not be long term tenants but with the vacancy rates at 1.3% finding new tenants would be very easy.

• 3 Units in total being, 2 x 3 bedrooms and 1 x 2 bedroom unit
• Split system airconditioning in 2 of the units
• Situated in a quiet street on a large corner block
• Open plan kitchen, dining & lounge in all units
• Super investment 10 minutes walk to the main street and 1/2 hours drive to the closeby Mines
• Manilla is a thriving small community with a great hospital & several doctors
• All units have separate back yards
• Land size 1,012m2 & Rates $2550.00 approx pa