Unit 4 - Investment Dream - 3 x Independently Rented Studios Under One Roof!

Unit 4/30 Albemarle Way.

The term Cash Cow is thrown around a lot, but not only is this that genuine Cash Cow, it is also potentially your elusive Golden Goose!

If you are a savvy investor looking for a positively geared return on your money to add a high rent return asset to your balanced portfolio, or a Mum and Dad with kids who are nearing the time they will need a place to live and can’t find one, then this really is the property you have been waiting for. This incredible one of a kind “Villa” home, comprises THREE completely independent studio apartments under one roof with a common reception area and kitchen. That makes an incredible total of 3 Bedrooms, 3 Bathrooms and 4 (yes 4) Kitchens!

Built in 2013, this striking mixed villa complex comprises 4 individual homes on a strata plan, all with different floor plans. This particular property is at the front of the complex, facing the park and has a quality, upmarket street facade with beautifully maintained verge lawn and street planting.

Inside you will find 3 beautifully appointed studios – which are rented out to long term tenants at the incredible amount of $980 per WEEK (in total), and they are all fantastic people who all want to stay as long as they can. So, there is no need to find tenants – just like everything you see, they will come with the property. But if you want a room or two, then all leases are currently periodical while we find a new owner. As you can see, every scenario is covered for you.

Each studio comprises a quality kitchen, a lounge and bed area, built in robes and a beautiful bathroom. Each tenant (and there are 3) has access to the front door which leads to a common “reception” area which comprises another kitchen, a lounging area and a covered alfresco for BBQs and entertaining. All studios are individually locked, and each tenant has their own key. The common area is used for cooking if they don’t want to cook in their rooms.

The whole Villa is serviced by a zoned and ducted reverse cycle air conditioner and there is a double garage which is shared on a first come, first in sort of basis.

Not only is this one of the cleverest designs and use of space you will see, but it is also quality throughout. Quality floors, stone tops throughout, quality appliances and more make up each of the areas inside this property.

And to make this even better, everything is included – they are fully furnished with absolutely everything you need to rent them on a short- or long-term lease including TVs, beds, couches, crockery, fridge and more. You get everything, for all of them!

Places like this are going to be hot property as the housing shortage continues to create headaches for everyone – having 3 rental properties inside one investment property is quite simply genius and frankly there should be a lot more of them.

With no strata fees to pay (the complex is self-managed), all you need to do is pay the rates and insurance and collect your very significant rent each week.
Of course – rental properties are largely about location and this has everything you should desire – there is a walk through to the shops and bus stops a few houses away, there are parks and tennis courts and a community hall within walking distance and it is minutes from the train station, major shopping centre and has easy access to the major arterials to take you into town or up into Kalamunda.

Due to the unique nature of this home, we will be showing it by appointment ONLY as we need to coordinate 3 tenants at the same time. To see it, make a booking with me by using the contact details on this page. I look forward to showing you around!

*Note – settlement will be subject to titles for this lot being issued – they are currently approved and in Landgate for title issuance.

Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. To the best of our knowledge the information listed is true and accurate however may be subject to change without warning at any time and this is often out of our control. Prospective tenants & purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Owner or the agent and are expressly excluded from any contract.

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Property ID: 1309503