Rare chance to own a block of units in a prime city fringe location
Looking for an investment opportunity? How about a package deal of eight individually-titled units in an enviable location?
Why buy one investment property in a prime city fringe location where rentals are in strong demand when you can buy eight as a package deal?
A well-maintained group of eight Strata-titled units on the Anzac Highway in Plympton have hit the market, offering a rare chance for investment seekers.
The well-maintained property, informed selling agent John McRostie of Belle Property, is set on approx. 892sqm of land. Mr McRostie is presenting the property to market with co-agent Josh Hunt.
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“The location is very favourable for renting and the fact that the units are individually titled is a big plus as well,” Mr McRostie said.
“It’s a good opportunity for those looking to make a rental investment or keen to add to an existing portfolio,” he said.
Each of the units has two bedrooms, one bathroom, kitchen and one living area floorplan of 56sqm. Making it perfect for renting, all the units have split system airconditioning and come with one undercover car park each.
According to the listing on realestate.com.au, all units are currently tenanted and “returning $105k per annum when all occupied”.
The units are conveniently located with quick access to public transport, shopping facilities, the Plympton Recreation Centre and Morphettville racecourse.
“The location makes it very easy to rent,” Mr McRostie added.
The latest REA Market Trends report shows the median asking rent for a unit in Plympton is $350 a week, with an indicative gross rental yield of 5.35 per cent.
Price: $2.6 million.
Agent: Belle Property, John McRostie 0411 221 893 and John Hunt 0422 638 899.
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Originally published as Rare chance to own a block of units in a prime city fringe location