New Lambton 1-6/28 Railway Road

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$1,310,000

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Block of Six Units - Solid Investment

7 6 6

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Rare opportunity to acquire unit complex on one title.
Possible individual strata options subject to approvals.
5 x 1 bedroom & 1 x 2 bedroom units
All with carport or garaging
Located on 566m2 approx
Gross estimated annual rent returns total $69,940

Unit 1 – (1 Bed) Vacant. Most recently returning $205/wk. Original interior. Carport
Unit 2 - (1 Bed) $220/wk. Lease expired October 2015. Ongoing Lease. Has updated kitchen. Carport.
Unit 3 – (1 Bed) $200/wk. Lease expired February 2011. Ongoing Lease. Rent last increased June 2017. Original interior. Carport.
Unit 4 – (2 Bed) $270/wk. Lease expired February 2005. Ongoing Lease. Rent last increased June 2017. Original interior. Garage.
Unit 5 – (1 Bed) $240/wk. Lease expired April 2018. Process of vacating. Updated Kitchen. Carport.
Unit 6 – (1 Bed) $210/wk. Lease expired March 2011. Ongoing Lease. Rent last increased June 2017. Original interior. Carport.

Outgoings
Council rates = $2020 PA
Water Rates = $3945 PA Approx including usage, separately metered.
Insurance = $3689 PA
Lawn maintenance $45p/m

Century 21 Carkeet Johns Smith Real Estate at Charlestown-Smarter Bolder Faster. Contact us for an inspection.