Calling all investors - four separate buildings with six tenancies in total.
Introducing this substantial Residential Complex comprising six rented premises which will make a great addition to any property portfolio.
Set on an elevated flood free property of 2317m2 (1/2 acre) in a quiet street with close proximity to schools and the Murwillumbah Golf Course/Restaurant and just 3.5km from the Murwillumbah CBD.
Each Villa is well presented inside and have had various upgrades and modifications whilst the externals of each are of ageless brick and tiled roof construction making these a low maintenance investment and built to high standards.
The portfolio consists of:
Villas 1&2 - 2 x stand alone villas - each with 2 bdrms, 1 bathroom, 1 garage, internal laundry, with a covered front balconies. Both have identical floor plans.
Villas 3&4 - 1 x Duplex pair each with 2 bdrms, 1 bathroom, internal laundry, 1 garage and covered front balcony.
Villas 5 - 1 spacious house - 2 bedroom, 2 bathrooms, 4 car garage, with a front covered balcony and also a rear covered deck.
Villa 6 - 1 x apartment attached to house - 1 bdrm, 1 bathroom. 1 off street car space with a front covered balcony.
The property currently returns a gross income of approximately $149,760 per annum (estimated 5.44% return on gross income based on guide price, figures are available on request).
Important news: The access road to the Villas which forms part of an easement has just been completely upgraded with a new concrete driveway which has vastly improved the access and at the same time eliminating any maintenance for many years to come. Nearby is a residential development consisting of only a limited number of larger residential blocks. These types of development tend to lift the surrounding areas both in terms of desirability and average property prices so the future looks secure for this area.
With four completely separate structures there would be a high possibility to also strata or subdivide (subject to council approvals) this would open up a number of options to the savvy investor.
If you would like to book an inspection or request more information on this fantastic investment opportunity please do not hesitate to contact Craig at Ray White Murwillumbah.
Distances from 19 Warana Ave to:
Murwillumbah Post office 3.7km
Sunnyside shopping centre 3.7km
Mt St Patrick College 3.6km
Wollumbin High School 1.5km
Tweed Valley Adventist College 1.1km
Bray Park General Store 1.2km
Murwillumbah Golf Course/Restaurant 850m
Gold Coast Airport 36.2km
Disclaimer: All information (including but not limited to the property area, floor size, price, address and general property description) is provided as a convenience to you, and has been provided to our office by th