Be quick to secure this incredible investment opportunity. Located on the main entry road to Kununurra CBD within 300m of all town centre amenities this five unit complex is a brilliantly secure, reliable income producing investment and a prime strategic location.
The 5 single level units each have 2 bedrooms and 1 bathroom with individual undercover parking spaces, generous backyard areas and a storage shed. The total land area of 2275sqm makes this an attractive future development site as well.
Each of the units has undergone various stages of renovations in recent years to produce tidy, functional, well-maintained and highly lettable part-furnished tenancies.
The non-strata unit complex has a current annual income of just under $120,000 per annum, representing a 9% gross return,with some rents due for review, this complex could easily achieve a rental return of over 10%.
Low maintenance, Low risk, easily rentable units in a highly strategic town centre location plus future development potential make this an outstanding addition to your investment portfolio.
An Adjoining vacant site of 2175 sqm zoned town centre is potentialy also available to purchase.
Contact Helen Farrell on 0498 358 006 for further information.
Features
- Air Conditioning
- Split-System Air Conditioning
- Shed
- Built-in Wardrobes
