Rare Investment Opportunity!
* Block of three, 2 bedroom x 1 bathroom units in South Tamworth.
* All units currently leased for $240/week each. All leased by the one company = rent paid even when vacant.
* Strata titled. One owner. Potential for another unit to be built at the rear of the property (previously DA approved).
* Conveniently located within walking distance to schools, bowling club, swimming pool, shopping centre, and only minutes to the CBD.
* Brick & tile.
* Rates are approximately $1,904 per unit per annum.
* Gross annual return of $39,000 per annum.
* All 3 units are similar in layout, with units 1 & 2 having updated kitchens. All bedrooms have built-ins and main bedrooms are spacious. Reverse Cycle Split System in each unit.
* Each unit has its own carport, storage space, and courtyard.
* Lease Renewal Guarantees Income Till 2020