BLOCK OF FLATS
A rare opportunity to secure a block of 4 x 2 bedroom flats built in the 1960's. Located in a quiet street, only 300 metres to waterfront parklands and The Bay Run.
The block has a side driveway with a carport at the rear for 3 cars plus one open car space. Scope to renovate each flat to increase your rental return.
Each flat consists of the following:
* Combined lounge and dining opens to balcony
* Eat-in kitchen with electric stove
* Bathroom with shower over the bath
* Two bedrooms
* Share laundry on each floor
* Area is approx 59m2
Present rental return for 3 flats $44,720 Per Ann (Flat 3 Vacant)
LAND: 521m2 (approx)
LAND TAX: $9,721.33
UCV 2011: $988,333
COUNCIL RATES: $2,823 Per Ann (approx)
WATER RATES: $2,194 Per Ann (approx) + usage
Precautions have been taken to establish accuracy of the information but it does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.