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At a time when interest rates are at historic lows, strong cash flow investments have become extremely attractive to investors seeking sound returns on their investments.
The block of four spacious units comprises two units on the ground floor and two units up stairs. All four units have two bedrooms with built in wardrobes, open plan lounge rooms with galley kitchens and combined bathroom and laundry. Each unit has a carport at the rear of the block with access to Ashmont Avenue via a private road.
This block of units has been strata titled.
Unit 1/38 - $180 per week. Lease expires 7/12/2021
Unit 2/38 - $180 per week. Lease expires 24/8/2020
Unit 3/38 - $185 per week. Lease Expires 17/03/2021
Unit 4/38 - $185 per week. Lease expires 21/11/2021
Current Gross Income: $37,700 per annum
Council Rates: $6,615.36 per annum
Land Area: Approx 960.3 square metres
Zoning: R3 Medium Density Residential
With the predicted population growth of Wagga Wagga to reach 100,000 by 2038, this cash flow positive investment should also generate good capital growth.
All reasonable offer considered. Please call Richard on 0409 005 336 to arrange your private inspection.
*** COVID-19 Announcement ***
When attending an inspection, we request that you only attend if you are fit and healthy to do so and not under any self-isolation conditions. We request that you maintain 1.5 metre distance from anyone attending the open for inspection, including other prospective buyers and our team members, and if requested wait outside so as to reduce the number of people in the property at any one time. Lastly, please refrain from touching items/fixtures and doors within the properties. If you would like to view something in particular, please request the agent's assistance. Thank you.
59 Berry Street, Wagga Wagga NSW 2650
Call Richard Rossiter on
0409 005 336
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