31 Wombat Street Young 2594 NSW
8.4% GROSS RETURN "OPPORTUNITY KNOCKS"
Presenting an outstanding investment property currently attracting a healthy gross rental return of 8.1% located at 31 Wombat Street Young. This budget accommodation investment opportunity, only minutes walk to Young's CBD on an elevated allotment of 1012sqm. Five fully equipped apartments all professionally managed each returning from $140 to $190 per week ($190, $140, $165, $140, $175 these rents are low compared to Young's averages). A serious proposition for a self managed super fund portfolio or investors, there is no time to waste as the owners have decided the time to sell is now.
*2 x 2 bedrooms, 2 x 1 bedroom, 1 x 1.5 bedroom car spaces for each
*Budget accommodation of five fully self contained apartments
*Gross rental income of approx $42120 per annum or $810 per week
*Estimated gross income 8.4% (much better than bank interest)
*Potential to grow & increase returns, located close to all amenities
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Real Estate For Sale in Young, NSW 2594 priced between $360,000 and $680,000