These days it is getting so hard to find a straight-forward, reliable, low-maintenance, high-yielding, low-vacancy, “bread-and-butter” property investment. Here is a pair of solidly built and well maintained brick-and-tile 2 bedroom units on the one title, still owned by the original well-renowned local builders. Each unit is free-standing. Market rental value would be approx $280 per week per unit, representing a 6.33% gross return. Currently the rents are below market value at $210 per week, but the vendors would be open to subsidising this for the remainder of the tenancy terms to represent 6.33% gross return from day one. In each of the units there is an open plan kitchen and good sized meals area with electric cooking. Lounge rooms have gas heating. Separate shower and bath in the bathroom, separate laundry, separate toilet and single lock up garage. Just try and find a residential investment to compete with these, in such a vibrant, thriving regional city offering both growth and return – we don’t think you will!
150 Morriss Road Warrnambool, VIC 3280