House

4 Lucinda Avenue, Killarney Vale

Block of 5 apartments currently returning $116,000+ rent p.a
10
5
4
Sold
Sold $1,775,000
Location:
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Inspections still welcome. Contact Garth or James to book in your private viewing at a time slot that suits you. Garth Hunter 0414 339 118 James Date 0499 002 467.

This property is available for private viewing, and may also be available via digital inspection to keep in line with the current government regulations. This property is scheduled to go to auction. If you intend on registering for this auction please contact the listing agent to discuss proceedings.

All in-person viewings will be between the agent, and one additional person. All necessary measures have been put in place to ensure the health and wellbeing of all parties. Please contact the listing agent for more information.

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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.

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 $400 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 $112,000 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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We have obtained all the information in this document from sources we believe to be reliable; however we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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