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28 Elgin Street
Morwell VIC 3840
28 Elgin Street
Morwell VIC 3840
28 Elgin Street, Morwell VIC 3840
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Located in the heart of Morwell on the fringe of the CBD, within walking distance to shops and train station ensures this block of recently renovated units represents a standout opportunity for the astute investor while being situated on an approximate 1011m2 allotment. Each of the 4 units are currently rented offering a combined annual income of $67,340, this property offers exceptional yield with secure tenancies in place. An excellent opportunity for investors seeking a high yield (approximately 6.75%) while all the hard work has been completed with recent improvements made to the entire complex. Units 1 & 2 :- One bedroom with built in robes- Oversized lounge with split system heating & cooking- Kitchen / dining includes ample bench space, electric cooking and plenty of cupboard storage- Bathroom includes step in shower and large vanity- Great sized separate laundry- Off street parking - Both leased at $290 per week Unit 3:- Two bedrooms both including built in robes- Oversized lounge with split system heating & cooking- Kitchen / dining includes ample bench space, electric cooking, plenty of cupboard storage & dishwasher- Bathroom includes step in shower and large vanity- Great sized separate laundry- Large rear yard with locked storage facility- Off street parking - Leased at $335 per week Unit 4:- Three bedrooms including built in robes- Oversized lounge with split system heating & cooking- Kitchen includes ample bench space, electric cooking, plenty of cupboard storage & dishwasher- Separate dining with access to balcony- Bathroom includes step in shower and large vanity- European laundry- Garage with remote entry & access to a good sized rear yard- Leased at $380 per week
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