Here is your chance to secure an entire investment portfolio in one single purchase. 9 and 9a Frank Street is a solidly built 1970's two story townhouse investment close to the CBD consisting of three independent units over two cross-lease titles spanning 1,257m² of flat, easy-access land with potential for MORE. 9 and 9a Frank Street offers three flats, 406m² floor area (more or less) currently returning a total of $1,705 per week, $88,660 per annum, ample off street car parking and development potential (subject to council consent).
Current rental income:
9 Frank Street- 5 bedrooms $700pw
9a Frank Street- 3 bedrooms $610pw
9a Frank Street- 1 bedroom $395pw
Every unit has been comprehensively renovated:
•New kitchen
•New bathrooms
•New flooring
•Updated electrics
•LED lighting throughout
•Healthy Homes compliant across the board.
This is a popular area, close to the city centre, making it an appealing addition to your rental portfolio. Council file, LIM and rental appraisal available upon request. Step into a fully tenanted investment from settlement day and let the income do the talking or take vacant possession and shape it to your own strategy.
The ground floor of 9 Frank Street has approximately 100m² of secure, lockable space, garage, carport, CCTV, currently presenting as storage, but there is also potential to rent this space as storage.
Call today for more information or to arrange a private viewing.