Home & Income or Investment in Popular Newtown

Description

This stunning Home & Income OR 2 Flat Property can be bought off-market before we list and go to a Deadline Sale program once COVID restrictions ease.

Existing tenancy is $1300pw for 5 Bedroom fixed until 13/02/2022. $435pw for 1 Bedroom until 27/02/2022 for a total income of $90,220.

From the property manager: "Rental appraisals will be completed when COVID-19 access rules allow, but we are expecting around $1,400 + $450 = 1,850 per week or $96,200 per annum"

There are no restrictions for either Flat / Unit to be let out as an Air BNB or rental. The Property is Fee Simple Freehold Title.

  • 5 Bedroom Home + One Bedroom Unit on One Title. (Both are standalone) Floor Area 158sqm. Land Area is 344sqm.
  • WCC Rates $5,853 pa
  • Building Insurance (vendors policy) $4,065pa
  • BEO $1,850,000
  • WCC EQC Compliant. No Disclosures.
  • Corner section in high demand suburb
  • Stand alone 1 bedroom studio with own outdoor space and fenced away from main house
  • Huge appeal to home owner or investor

There is a double car pad on Stoke St and the rear flat is built under the carport. Rear flat is accessed off stoke street.

Two new bathrooms were added to the front house last year, however the rest of the will need paint and new carpet.

A set of information is available for interested parties. There is a new WCC LIM coming (suspended until Level 2 or 3). The Vendor has provided a historic LIM (guide only) and the two Code of Compliance Certificates from the extensive works during their ownership. Information is provided by the vendor in good faith and buyers will be encouraged to conduct their own due diligence.

Rear property runs power off the front house which has a check meter. Both flats have separate gas meters.

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: $1,300 (fixed to Jan 2022) p/w
    $435 (periodic) p/w
  • Rental appraisal:$1,400 p/w + $450 p/w Written rental appraisal available to potential purchasers
  • Floor area: 120m2
  • Land area: 344m2
  • Bedrooms: 6
  • Bathrooms: 3
  • Car parking: 2
  • Rates: $5,852.39
AMENITIES

Close to Newtown shops, the Hospital, restaurants and cafes.

LOCATION
  • BEO $1,850,000
  • Rental appraisal: $1,400 p/w + $450 p/w

  • Written rental appraisal available to potential purchasers
  • Annual rates: $5,852.39
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ABOUT THE AGENT

Peter Ambrose

Licensed Salesperson
REAA 2008