Overview

This property presents a unique investment opportunity with a brick complex comprising four two-bedroom units, all currently leased to a corporate tenant, generating an impressive annual return of approximately $73,000. The property is strategically located, featuring off-street undercover parking and easy-care grounds, making it an attractive option for investors seeking reliable rental income.

The complex is situated on a freehold allotment of approximately 670 square meters, providing ample space for the units and associated amenities. The property is well-maintained, ensuring that it meets the needs of tenants while also appealing to potential buyers.

In addition to the strong rental yield, the property benefits from its location in Broken Hill, a region known for its vibrant community and economic opportunities. The surrounding area offers various amenities, including shops, schools, and recreational facilities, enhancing the appeal of the units for prospective tenants.

Investors should note that the council rates for the property are approximately $4,210 per annum, while the water rates are around $1,062 per annum. These costs should be factored into any investment calculations.

It is important to highlight that this property is currently listed for auction. Interested buyers are encouraged to participate in the auction process, as submitting an offer does not guarantee acceptance. The seller retains the right to proceed with the auction unless an acceptable offer is received prior to the auction date.

Potential buyers are advised to conduct thorough due diligence, including inspections and financial preparations, before engaging in the auction or submitting an offer. This ensures that all parties are well-informed and prepared for the bidding process.

In summary, this property represents a solid investment opportunity in a desirable location, with a proven track record of rental income and the potential for future growth. Investors looking to expand their portfolio should consider this complex as a viable option.

Location