Sold at Auction - Entire Block of 2 Apartments with parking
Sold - AUCTION: ON SITE SATURDAY 16TH DECEMBER AT 12:00PM
Located on a corner, right in the heart of highly sought-after Hamilton, walk to the Cafe's in Beaumont Street and public transport, this entire block of 2 x 2 bedroom apartments has great potential. This boutique block is ideal for those long term investors, SMSF, or perhaps those looking for further development potential (STCA). Potential to update apartments and increase rental yield. This fantastic investment opportunity is one not to... [More]
Sold at Auction - Entire Block of 2 Apartments with parking
Sold - AUCTION: ON SITE SATURDAY 16TH DECEMBER AT 12:00PM
Located on a corner, right in the heart of highly sought-after Hamilton, walk to the Cafe's in Beaumont Street and public transport, this entire block of 2 x 2 bedroom apartments has great potential. This boutique block is ideal for those long term investors, SMSF, or perhaps those looking for further development potential (STCA). Potential to update apartments and increase rental yield. This fantastic investment opportunity is one not to be missed.
- 2 x 2 bedroom apartments
- Corner location - On Lawson and James Streets
- Spacious apartments, one on each level
- Both with separate Lounge room and kitchen/dining area, Unit 2 on level 2, has the added benefit of an enclosed sun room and small balcony off the lounge.
- Parking for 2 cars in car port
- Both with 1 bathroom each
- Oversized floorplans
- Large rear court yard off the carport
- Land Details : 221 sqm (approx.) 10.36m/21.33m (approx.)
- Zoning R3 Medium Density Residential
- 260m to Beaumont Eat' Street, 800m to Hamilton Railway Station
Outgoings:
Council Rates: $1,920*pa
Water Rates: $794*pa + usage
*Approximates
Income:
Estimated gross rental income $41,600 to $46,800*pa ($400 - $450 per week per unit)
Previous rental income (when the property was in an un-renovated state) $27,040*pa ($260 per week per unit)
(We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.) [Less]
