The property returns $640 per week or $33,280 annum, showing a 9.93% return on investment outlay. Rents are to increase again in June & July 2019. The current owner is reluctantly selling these units, which have provided her a great investment return for years. The 4 units are all one bedroom units that have had a complete new laundry/bathroom renovation and split systems installed in each unit of recent times. Other features include large lounge room, good floor coverings, modern open plan timber kitchens with electric cooking, electric hot water services, built in robes and draws in the bedroom, plus a small outdoor yard and carport for each unit. These units have constantly demonstrated an excellent occupancy rate, with long-term tenants. Land area: 904m2.
Rent Increase Effective date In lease until
1/67 Edith Street $160 to $165 15 July 2019 25 May 2019
2/67 Edith Street $160 to $165 15 July 2019 16 May 2019
3/67 Edith Street $160 to $165 7 June 2019 1 May 2019
4/67 Edith Street $160 No Increase 17 March 2020