Centrally located Established Investment with Immediate Income

Why buy one investment property when you can buy a whole block of 12 apartments?

Astute investors will not want to miss this remarkable opportunity to secure a superbly located apartment complex within walking distance of Orange CBD. The proximity to parkland, everyday conveniences, boutique stores, cosmopolitan cafes and restaurants, popular entertainment venues, and the experience of a fabulous Orange lifestyle with easy access to everything will be a drawcard for many.

This sensational offering to be sold in one line comprises 8 x 2-bedroom apartments and 4 x 1-bedders, each with a bathroom and parking. Each is perfectly established with long-term tenants, generating a gross rental income of $156,260 with outgoings of approximately $30,700.

If you’re looking for an established investment with immediate income, this is it. With the ability to purchase the entire complex now and potentially sell each off separately at a later stage, this is an extraordinary investment opportunity for an individual or superannuation fund.

Those with vision will see the many benefits of securing such a lucrative prospect with options to either renovate and increase the current rent, keep on one title and enjoy the returns, or strata the units and sell them individually. There is also some scope for further development of the site, subject to council approval.

 12 units on one title – Fully Occupied
 Current Income $156,260 – Potential Income with current rent review $193,960
 Complex breakdown 6 x 2 bedroom apartments, 4 x 1 bedders in main building
 Freestanding duplex at rear of property featuring 2 x bedrooms each
 Units with a variety upgrades including improved kitchens/carpet/painting
 Upgraded storm water plumbing
 New carpet installed in common area
 Freshly painted common area
 Landscaped designed gardens with irrigation system and water tank
 8 of 10 units have balcony
 Freestanding duplex complex have outdoor garden areas
 10 carports, 3 lockup garages 2 x visitor car parking
 Potential for further development of site
 2,279sqm landholding zoned R1 General Residential

Walking distance to: – Elephant Park, Wade Park, Machin Park, Moulder Park, Orange Ex-Services Tennis Club Complex, Orange Velodrome, Orange City Bowling Club, Orange Aquatic Centre, John Lomas Skate Park, Orange CBD, transport.

Please contact us for a copy of the Information Memorandum and/or Contract for Sale.

Property ID: 1250489