Three incomes within a solid block, freehold property. Located in a sought after lower Queenstown Hill position with ability to generate $119,000+ gross annual return, on a long term rental basis. Also zoned medium density, there's massive potential for short term rental options. Subject to VA consent a selection of these fully self contained units could be ideal for Airbnb style rentals. From 5.7% up to 11.6+% gross returns, depending on how a switched on buyer wishes to set this up.
This is a property that delivers from day one, while still offering flexibility depending on your approach. Continue with the current setup for steady income, or adjust over time to suit your plans. It is a well configured property in a location that continues to see consistent demand.
The upper level includes a 3 bed 2 bath residence and a 1 bed 1 bath unit, while a recently completed 2 bed 1.5...