$690,000 - $730,000

1-3/42 Bellarine Hwy Newcomb

This exceptional investment is one of those rare opportunities that is hard to look past. Set on 669sqm, the complex comprises of three 2-bedroom, 1-bathroom units. The combined rental income is $635 per week with scope for an increase. The most recent unit has been leased at $250 per week. Units 1 & 2 have been improved over time, and unit 3 offers further room to add value over time. This style of investment property is the perfect addition to any portfolio, the 3 individual tenancies and income spreads any risk associated with a tenant vacating. This allows for renovation where required when a tenant vacates, while still receiving an income for the remaining 2. The location is exceptional, directly opposite the Bellarine Village Shopping Centre, with bus services out the front, and it is only 7 minutes to the CBD. These presents the perfect investment mix; immediate income, great location and value adding potential.

Potential rental return $650 - $700 per week. If you have a residential investment property and wish to obtain an update on market conditions, ways in which you can achieve a more viable return or you simply wish to consolidate a portfolio, please don't hesitate to contact Emily Reid on 0411 497 783 to discuss in more detail.

AUCTION

  • Sat 21st - Sep 11:00am
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