INVEST, OCCUPY OR DEVELOP!

• Land area 549 m²

Located within close proximity of the CBD and Frankton's retail and industrial area, this standalone spacious one bedroom unit is very well presented. Rented for $200 per week to a long term tenant, this is an excellent buy and forget investment proposition and great buying at $175,000! On its own fee simple title, this 70m2 dwelling is large enough for easy conversion into a two bedroom unit producing additional income, and has council consent to convert the existing double garage into a self contained unit, further adding to the income and options offered. By spending approximately $45,000 on improvements, the completed property will offer gross return exceeding 9.5%, from appraised income of $410 per week.

3 Mary Street is being offered for sale in conjunction with the neighbouring 1x2 + 1x4 property returning $530 per week at 1 Mary Street (see reference MU73). The properties are available for sale separately, but offer healthy investment returns and additional options if purchased together - these properties will serve well as either investments, a home and multi-income opportunity or an excellent property for those who need a separate space for extended family.

If you are looking for either an easily managed and well presented investment or a value add project, this property must be viewed! Contact Campbell for further information or to arrange your inspection or offer.