UNDER CONTRACT – Prime block of units in the heart of Clayfield with City and Mountain Views

Set among luxury homes with city and mountain views this blue chip investment represents an incredible opportunity for the discerning buyer. This block is ideal to renovate and increase value and yield or hold as a long term investment.

Currently consisting of six strata-titled units and a massive bottom floor area currently not on title and a roof top terrace.

The property offers a magnificent opportunity for long term capital gains with exceptional weekly income.

Located in a quiet elevated street only 4kms north of the city, and just a short stroll to Albion’s emerging lifestyle precinct.

Rental Income:

– Unit 1 – 2 bed, 1 bath, 1 car – $380 per week (currently under refurbishment)
– Unit 2 – 2 bed, 1 bath, 1 car – $340 per week
– Unit 3 – 2 bed, 1 bath, 1 car – $340 per week
– Unit 4 – 2 bed, 1 bath, 1 car – $340 per week
– Unit 5 – 2 bed 1 bath, 1 car – $300 per week
– Unit 6 – 2 bed, 1 bath, 1 car – $320 per week

Total: $106,080

Outgoings:
Common electricity $264 pa approx
Rates $396.50 1/4 x 6 – $9,516 pa approx
Water $396.29 x 6 – $9,510.96 pa approx
Insurance $2,100 pa approx.

Total: $21,120.96 pa approx

– Prime location
– Elevated 807 sqm block with city and mountain views
– Consistent low vacancy rates
– Generous lock up garages and storage areas
– No body corporate fees
– Short walk to Albion train station and Albion Village
– Eagle Junction State School Catchment