Three-level residential complex comprising of 12 individually strata titled units offering three 1-bedroom and nine 2-bedroom units with an allocated car bay each. Valid subdivision approval for 5 lots of 256sqm each of excess rear land. Proximity to major arterial routes of Carrington Street, Leach Highway and South Street.
Key attributes include:
- 2,630sqm site area
- Passing net income of $132,163pa
- Three 1-bedroom units with undercover car bay
- Nine 2-bedroom units with undercover car bay
- Excess developable land of 1,280sqm to rear
- Subdivision approval for 5 lots (256m² each)
- Residential R20/25 zoning
| Sales Analysis | |
| Sale Price: | $4,020,000 |
| Sale Date: | January 2024 |
| Yield – Passing: | 3.28% |
| 1-bed units | Three |
| 2-bed units | Nine |
| Price per unit | $335,000 |
| Land area | 2,630sqm |
| Land price/sqm | $1,529/sqm |
| Vendor: | Private |
| Purchaser: | Local investors |
| Sales Process: | Expression of Interest campaign |