4 Lucinda Avenue, Killarney Vale

Block of 5 apartments currently returning $116,000 rent p.a
Other

Guide $1.75m

Location:
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Positioned in a prime north facing waterfront reserve position sits this rare and outstanding investment opportunity.

Situated along one of Killarney Vales most highly sought after and tightly held streets, this unique opportunity features 5 x 2 bedroom units all on a single 942sqm title offering an attractive opportunity for investors with its high rental yields.

View the Properties Saturdays 3pm-3:30pm with Garth Hunter & James Date

Unit 1
– Two generous bedrooms
– Timber floorboards throughout
– Large entertaining balcony overlooking the stunning waterfront reserve
– Single lock up garage with ample storage
– Current lease in place returning $400 p/w

Unit 2
– Two generous bedrooms all with built ins
– Timber floorboards in main living and dinning accompanied by European shutters
– Ducted Air-conditioning
– Modern kitchen and appliances
– Private balcony off the front and rear of the property
– Single lock up garage with ample storage
– Current lease in place returning $480 p/w

Unit 3
– Two generous bedrooms all with built ins
– Timber floorboards in main living and dinning
– Modern kitchen and appliances
– Reverse cycle air-conditioning
– Private balcony off the front and rear of the property
– Single lock up garage with ample storage
– Current lease in place returning $480 p/w

Unit 4
– Two generous bedrooms all with built ins
– Timber floorboards in main living and dinning
– Modern kitchen and appliances
– Reverse cycle air-conditioning
– Private balcony off the front and rear of the property
– Single lock up garage with ample storage
– Current lease in place returning $480 p/w

Unit 5
– Two generous bedrooms
– Tiled flooring accompanied by European shutters throughout
– Modern kitchen and appliances
– Reverse cycle air-conditioning
– Private entertaining terrace
– Currently Holiday rented through Air BnB
– Proposed rental return of $400 p/w

Combined yearly rental is $116,000 p/a.

Situated on a huge 942sqm parcel of land with Residential R1 Zoning, this unique block also offers an additional parcel of land to the rear of the units with plans already drawn for the construction of another two townhouses (STCA).

To be SOLD as one title.

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