Take full advantage of this rare opportunity to secure an entire block of units in a highly sort after pocket of Altona North. On a generous 690m2 approx. corner block, this unique investment opportunity comprising of 4 units is ripe for refurbishment, redevelopment or even simply convert to strata titles (STCA).
• Each unit comprises a basic floor plan with two bedrooms, kitchen / meals, lounge, bathroom with separate wc and easy scope for improvement.
• A low maintenance investment that currently enjoys excellent occupancy rates, it currently yields $4,542 pcm or $54,504 per annum in four separate leases.
• Overlooking Langshaw Reserve and convenient to Altona Fresh Deli, Altona Gate Shopping Centre, it is also well serviced by transport, close to Newport Lakes and Altona Lakes Golf Course as well as Bayfit Leisure Centre.
• This is an inner-suburban position with easy city and freeway access that will reward whatever your vision is here.
• Importantly, the block is a double brick construction and currently offers parking for up to six vehicles.