31 Waratah Street WINDANG NSW 2528
Expression Of Interest Closes 12th of Ju

DESCRIPTION

Here's the perfect opportunity for investors to secure a premium investment of a dying breed with the potential to add value. That is a 4 x 2 bedroom block of flats. They just do not make them anymore.
The complex has been well maintained and presents in good condition & each unit includes two bedrooms, living room bathroom, kitchen facilities, internal laundries, 2 carports on either side of the building and room to park at the front if needed. Single-level brick veneer and tile construction, built to last ensuring minimal maintenance and long-term reliability.

With a history of low vacancy rates, the majority are long-term tenants (in excess of 10 years), wanting to stay. However, it is perfect to renovate as one vacates to increase your rental return. There is no body corporate structure or associated expenses and the complex is currently achieving a gross annual return of approximately $69,160.00.

The suburb is popular for its fishing, prawning, boating and windsurfing. Making it a perfect place to live. Positioned between surfing beach and lake, whilst walking distance to shops and bowling club to the South or Port Kembla Golf Course to the North. Close to bus stops to City, Warrawong or Shellharbour Square. Only 20 minutes’ drive to Wollongong CBD and 7 minutes from Shellharbour. It truly is a perfect position. Contact agent for more information.
Current income: $69,160.00 pa
Council rate: $3,301.44 pa
Water rate: $3,596 pa
Land size: 563 m2

** Proof of ID will be required for entry at open homes.