Triple the income - no BC fees

Every now and then a property comes along that just makes sense. Located just one street back from beautiful Holloways Beach is this triplex that is all on one title. That’s right - a triplex with no BC fees. Rare as rocking horse poop.<br/><br/><br/>Featuring three x 2 bedroom and 1 bathroom units on ground level, all units have spacious private patios to the front and rear and have their own carports. There is a convenient walkway to access the rear units.<br/><br/>The units themselves have main living areas that are air conditioned and these are large enough to cool the entire apartment.<br/><br/><br/>With varying degrees of improvements there is scope to upgrade the units to increase the rental return. Currently fully leased with tenancies set to end early in 2023, our Property Management team estimate that the units will return approx. $350pw each in the current condition. With some upgrades estimted rent would be around $400pw<br/><br/><br/>The numbers that matter:<br/><br/>Current income $43,160<br/>Estimated Income as is $54,600<br/>Estimated income with improvements $62,400<br/>Council Rates approx $8k<br/><br/>BC fees NIL