Investment Properties
NSW, Price, Position and Return
This property is located on the main road . The property is a brick triplex located opposite a shopping centre. This is a small chopping centre that has a petrol station, large bottle shop, Dominos, Thai restaurant (very nice and wins a lot of awards), Chinese restaurant, Newsagency and its anchor tenant is Harvey Norman.
I have not spoken to council, however feel certain that these units could be strata titled as the ones next door already are. This is an above average return for the area and would be a great buy and hold with the potential to strata in the future.
These particular units have a fantastic rental history and given their location should never be vacant.
 Buy & Hold
 Development
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| Purchase Price: | $379,000 |
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| Possible Price: | $369,000 |
| Gross Weekly Rental: | $475pw combined |
| Council Rates: | $2,500 pa approx |
| Management Fees : | 8.8% |
| Gross Return: | 6.5% |
| Population: | 25,000 |
| Individual resale 2 bedrooms: | $140-150,000 per unit |
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