Make the Investment Now!
A string of wonderful tenants has ensured 1 Lyons Street has been kept neat and tidy. This low maintenance unit provides the opportunity to sit back and watch the rent roll in or perhaps you'd like to modernise and retire and enjoy the benefits of the North of Murray Street location.
Upon entry you'll find the living area with reverse cycle air conditioning and large windows, a light filled sunny kitchen with electric cooking, plus two bedrooms, master with built-in-robes. The single lock-up garage has internal access and the backyard is well fenced for privacy, on a manageable block of 435sqm and on its own title. The home is located in a convenient position, across the road from Colac Primary School and Colac East Kindergarten, only a short walk to IGA or the park and a short distance to the main street of Colac.
Current rental income of $240 per week providing a rental yield of 5.5% this property would make a super addition to your portfolio.
'Offers invited until Friday 23rd February at 4pm'