2 Ballingall Street, THE GAP
Excellent Investment Returns....
A great investment opportunity has just come onto the market which is currently returning just over 8%.
The main house is a neat and tidy two bedroom demountable building that has a modern kitchen and bathroom. Both the bedrooms and living dining area offer great space for you to freely move throughout the property. Lease at $400 p/w until 30/01/18
The garage has been converted into a studio unit which offers a large open plan design, kitchenette and en-suite. Leased at $320 p/w (Furnished) until 31/01/18
The block is situated on the corner of Ballingall and Speed Street and because it is zoned MD (Multiple Dwelling) it is a in a great position for a future unit development. (Subject to approvals)
The location is fantastic with a close proximity to the Hospital, sporting fields and the town pool is situated next door.
There are two access driveways to the property which is convenient for both the tenancies.
The yard is fully reticulated which allows you to enjoy the soft green grass.
The overall rental return per week from this property is very appealing with a gross return of over 8% this is something to seriously consider if you are looking for a property to add to your portfolio.
Inspection will be by appointment only so call Lindsay to schedule a time.
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