Two Dwellings, One Excellent Return!
This house and unit package offers excellent investment potential. Situated just down the road close to Bluewater Fitness Centre, library, corner store and Colac Secondary College presenting the investor or largest of families a multitude of options. Reside in the home consisting of three bedrooms all with built in robes, newly updated floor coverings, a fresh coat of paint and updated bathroom and kitchen and continue leasing out the two bedroom bungalow for an income. Maybe over time you may wish to ship the kids out to their own place whilst still being close by?!
The House - Newly updated kitchen with brand new Westinghouse oven and stovetop. The sunken lounge has exposed beam ceilings, gas heating and access to the deck. The rear yard is fully enclosed for pets and there is also a double garage for car accommodation. Current fixed 3 month lease in place returning $295 per week.
The Unit - Includes two bedrooms, double carport, separate secure yard, comfortable open living, dining and kitchen area. Currently receiving $220 per week rent with an increase to $235 due September.
There is no doubt, return on investments of 6.4% - 6.7% are hard to find.