Strata titled block of units rare opportunity for investors

A fully refurbished block of eight strata titled residential units has hit the market in South Perth.

Located at 29 Hurlingham Road, the two storey block of eight one-bedroom units was built in 1965 but recently renovated in 2021.

Brought to market by Ray White Commercial WA agent Brett Wilkins.

“The property is a rare offering due to the combination of it’s fantastic South Perth location, being a whole block of residential units which is already strata titled, and its recent refurbishment,” Mr Wilkins said.

“All units offered are one-bedroom, one-bathroom with open plan kitchen, living and dining accommodation with allocated car bays at the rear.

“Each unit has recently been renovated to a high standard of finishing, featuring stainless steel appliances, induction cooktops, timber laminate flooring throughout, tiled kitchen splashbacks, and en-suite bathrooms with newly installed showers and toilets.”

Mr Wilkins said the property represented a fantastic opportunity for investors.

“This property would suit an investor wanting to take over the existing short-stay management operation earning a superior financial return budgeted to be $350,000 in the 2022/23 financial year,” he said.

The property is being offered for sale via expressions of interest, closing August 4.

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