Sold for $2,390,000
Sold for $2,390,0001-10/1-3 Isla Street, Sunshine North VIC 3020
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Property was sold on 27 October 2019.
Sold on 27 October 2019.
12 beds
10 baths
10 cars
Block of Units
1200m²
12
10
10
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Block of Units
1200m²
A rare opportunity has to acquire an outstanding residential growth zoned investment. Secure a whole block of 8 x 1 bedroom and 2 x 2 bedroom strata titled apartments on 1,200m2 of residential growth zone land. The 10 units comprise of 8 x 1 bedroom & 2 x 2 bedrooms, bathroom, kitchen with adjoining open plan lounge/dining as well each separate titled car space. In close proximity to Northumberland Road Shopping, Victoria University, Hampshire Road, Sunshine Train Station and only 12km to CBD. Please note: the property is currently self managed with no fixed leases. There has been no rental increases for a number of years and the current passing rent in total is $1,940 per week ($8,406.66 per calendar month) - all tenants pay 4 weeks in advance and all on the same day each month. Potential Rental - $3,160 per week ($13,693.33 pcm. approx.) DOUGLAS KAY REAL ESTATE 280 HAMPSHIRE ROAD SUNSHINE VIC 3020
