Looking for your first property, a live/work solution or an investment with multiple income streams?
This split residential/commercial property offers flexibility, functionality and income in one package.
Upstairs, the light-filled, north-facing studio-style apartment features open-plan living, dining and kitchen, a master bedroom with ensuite, plus a study/office or small second bedroom.
Downstairs, the well-presented, self-contained office/clinic includes reception, three rooms, kitchen/utility area and bathroom. Air conditioning, its own patio and two allocated car parks add to its appeal.
Solid concrete tilt-slab construction and aluminium joinery provide a low-maintenance setup in a convenient Rosedale location, close to motorway on-ramps, public transport links, cafes, schools and local shopping.
The income opportunity:
- Residential tenancy currently returning $27,040 p.a. including OPEX (OPEX portion $3,357.96 p.a.)
- Ground-floor office currently leased by the Vendor at a discounted rate of $15,600 p.a. + GST ($17,940 incl. GST) + OPEX
- Estimated market rental for the ground floor of $22,000 p.a. + GST + OPEX
At current rents, combined income is approximately $42,940 p.a.,
With potential net income of approximately $45,682 p.a. (includes market estimate as above)
Key features:
- total sqm approx 152
- Residential + commercial configuration
- North-facing upstairs apartment
- 1 bedroom + study/office or small bedroom
- Ensuite + downstairs bathroom
- Self-contained office/clinic
- Three rooms + reception
- Air conditioning + private patio
- Three car parks
- Solid concrete construction
- Approx. body corporate levy $4,115.92 p.a.
Properties offering this established office/clinic-style configuration are not often available. Whether you're looking to live, work or invest, Unit 4 offers plenty of options.
Income and rental figures are indicative and subject to tenancy arrangements, expenses and purchaser due diligence.
