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1-3/2 Veale Street, Ashmont

  • 6
  • 3
  • 3

SOLD - $615,000

Sold date: 7th Sep 2021

Solid Investment

Looking at purchasing an investment property then look no further, with not just 1 but 3 units all in the same complex offering a great return.
All 3 units have 2 bedrooms with built in robes, blinds and carpet.
Good size living area.
Kitchen's are all modern with electric cook-tops, oven and pantry.
Generous sized bathrooms with combined toilets
Reverse cycle split systems for your summer and winter months.
Individual private court yards.
Secure undercover single car accommodation.

All units are leased with quality tenants - unit 1 at $230pw & unit 2 at $250 per week with unit 3 rent potential of the same $250 per week. (currently at the tail end of a 3 year lease at $210 per week)
At their current rental income these units offer a healthy gross return of 5.7% with a potential return of 6.20% once the 1st and 3rd units leases expire & an adjustment can be made to get the units rent inline with the other unit at $250 per week.

Property Features

  • Air Conditioning
  • Built-ins