19A Clark Street, Wangaratta VIC 3677

$1,490,000

8 beds

9 baths

8 parking

RARE INVESTMENT OPPORTUNITY

It’s not every day a property with 8 bedrooms hits the market.

Among a large common area, shared kitchen, shared bathroom and a laundry, the whopping property contains 8 x self-contained micro-apartments.

Cashflow property investment that works in the long term is hard to find.

Investing in residential property doesn't need to be a game of losing money now in the hope that property prices will go up at some point in the future.

19A Clark Street has created an innovative approach to investing in property that has created properties with 8 rentable spaces (we call them micro-apartments). This property can produce returns that are many times that of traditional residential properties.

Micro-apartments inevitable face short periods where one room is vacant due to resident moving on. Filling this vacancy is minimal. However the impact of vacancy is reduced as other rooms will continue producing rent.

Micro-apartments are an ideal option for professionals, students or individual that have simple housing needs.

Currently fully tenanted achieving approx 8% return.
Leased to a prominent Medical Industry.

This property has provided an excellent and consistent income.

Features;

* Stunning and spacious interiors and presented fully furnished in boutique building of only 8 residents
* Quality build with concrete construction
* Peaceful accommodation perfect for work from home.
* Near new 8 rentable spaces with built-robes & ensuites
* Split systems in each room
* Communal Kitchen, lounge room & laundry
* Disability bathroom
* Off-street parking and outdoor space
* Close to Northeast Health Wangaratta

This property offers an outstanding opportunity for a range of uses potentially by Institutional buyers, Government and Semi-Government organizations & Religious groups.

Enquiries please contact the office on 5721 5458.

*Disclaimer: Whilst every effort has been made to ensure the accuracy of the information provided by our Vendors, LJ Hooker Wangaratta makes no statement, representation or warranty and assumes no legal liability in relation to the accuracy of the information provided. Prospective purchasers are advised to carry out their own due diligence and investigations.

*All quoted areas/measurements are approximations only.

Property Details

• Type: Townhouse
• Bedrooms: 8
• Bathrooms: 9
• Carport Spaces: 8
• Land Area: 507 m² (approx)