INVESTORS / DEVELOPERS - BLOCK OF 6 FLATS
Located only a few minutes stroll to Lakemba Shops, Station and schools is a neatly presented block of 6 flats on 1 title. They comprise of 5 x 2br units and 1 x 1br unit with balconies and car spaces. Fully let at aprox $80000 p/a with potential to increase. This block would lend itself to investors or developers with a view to improving current rents or refurbishment.
UNDER INSTRUCTIONS TO SELL.
INCOME;
Flat 1 - $205 pw from 02/01/2010. Expired Lease.
Flat 2 - $260 pw Lease expires 18/09/2010
Flat 3 - $285 pw from 07/02/2010 Lease expires 26/02/2010
Flat 4 - $260 pw from 07/01/2010 Expired Lease.
Flat 5 - $260 pw from 05/01/2010 Expired Lease.
Flat 6 - $280 pw from 06/01/2010 Expired Lease
EXPENDITURE
Water Rates aprox $5600 p/a
Council Rates aprox $2940 p/a
Land Tax aprox $6848 p/a
Lot/Plan No: D/DP383681