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2 Dwellings - 3 Incomes!
- 7 Beds
- 3 Baths
- 4 Garages
St.Johns is a great location. Walk 10 minutes to train, bus, shops, supermarket and the multi-sports centres in Merton Road. You will still be close to Eastern beaches and only a 20-minute waterfront drive to city centre.
This property could be your start-up home with an income, or an addition to your property portfolio. Two houses for this price - one of which has two flats. This means two or three incomes depending whether you live in one and rent out the other two to support your outgoings. The total income for all three as rentals is currently at $1,180 per week - $61,300 per year.
These two properties sit on a very large 1201sq.m. site that is perpetual leasehold land. The ground rental is $30,225 per year next land rent review not until 2031. One of the houses has been recently re-roofed.
Motivated vendor says to present all offers.
If you can manage it now, think of the margins in future - with 14 years before your next lease review. Call the us today.
- F/Floor Cover
- Light Fittings
- Cooktop Oven
4 garage spaces, 4 carport spaces and 2 off street parks