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Overview
Solid investment with two separate rents
This property presents a rare investment opportunity within a highly sought-after retirement village, offering two well-maintained one-bedroom units. Each unit features an open-plan layout that maximizes space and functionality, providing comfortable living environments suitable for retirees or investors.
Both units are equipped with reverse-cycle heating and cooling systems, ensuring year-round comfort regardless of the season. Ample storage solutions have been thoughtfully integrated to meet everyday needs, enhancing the practicality of each home.
The investment is supported by reliable tenants currently in place, with unit number 41 generating a weekly rental income of $240 and unit number 42 yielding $250 per week. This consistent rental income contributes to a strong gross yield of approximately 6.1%, making it an attractive proposition for investors seeking steady returns from day one.
Key features of the property include:
- Two separate one-bedroom units within a retirement village setting
- Open-plan living areas designed for ease and comfort
- Reverse-cycle heating and cooling for climate control
- Ample storage space to accommodate personal belongings
- Established tenants providing immediate rental income
- Strong gross yield of 6.1%, reflecting solid investment potential
This investment is ideal for those looking to enter the retirement village market or expand their property portfolio with a low-maintenance, income-generating asset. The location in Wangaratta offers a peaceful community atmosphere combined with access to local amenities, making it appealing to tenants and future residents alike.
Overall, this property combines the benefits of secure rental income with the lifestyle advantages of retirement village living, presenting a compelling opportunity for investors seeking both stability and growth potential.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Wangaratta VIC 3677
Market Insights for Wangaratta VIC 3677
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