Block of units + 2 storey house on 1,419m² block

BIG BROADWATER BLOCK + HOLDING INCOME!

11 Properties on one title! Land Bank Me! Golden Opportunity with 8x 1 bed units, 2x 2 bed units, and an adjoining huge 2 story house.

Some units have lock up garages, some have carports.

Returning $3500/w but this is grossly undervalued as its possible the rental return would be around $5,000/w.

Situated in Labrador and only 50 meters walk to the Broadwater and all its magnificent facilities walking tracks, play grounds, cafe and restaurants, fishing, boating facilities, Pelican feeding plus much more.

The Redevelopment potential is enormous situated on 1,419m² of RD5 medium density land.

All properties are on 1 title with the rates only being $5,000 per year approx. Expenses are low and potential is high!

Properties are in great condition inside + out overlooking a beautiful garden and BBQ area.

Lock in this superb opportunity with your Labrador expert, Robby Davey.

Disclaimer: Whilst all care and attention has been taken to ensure that the information contained in the above advertisement is true and correct at the time of publication, Farr Real Estate gives no warranty or assurance and makes no representation as to the accuracy or reliability of the information contained. It is advised that any prospective purchaser make their own enquiries and/or inspection prior to purchase.

Features