- For Sale
For SaleDeadline Private Treaty 7th Oct 2021 2pm (Unless sold prior)
24 Webb Street is the ideal acquisition for astute passive investors. Converted to a high-quality residential building in 2013, the low-maintenance property has consistently generated a solid income since its strategic repositioning.
Comprising four apartments (2 x 5 bed, 2 x 6 bed) each unit comes complete with bedroom and living furniture, making it a convenient option for a variety of tenants. Tenants also enjoy the benefit of excellent heating and security systems, private outdoor spaces and various light-filled living areas.
Combining the four residential apartments and additional billboard rental, the property provides stable gross income of $350,923 per annum (incl. GST). Since 2013, it has effectively remained 100% occupied, such is the demand for residential accommodation in the area.
Located in a fast-evolving part of town, the property’s proximity to tertiary institutions, cafes and restaurants and local amenity holds significant appeal to a range of tenants. Webb Street also benefits from ease of access to the CBD, various parks and reserves and motorways.
This quality residential investment property ticks every box for those looking for a solid income-producing, low maintenance investment property.
For Sale by Deadline Private Treaty closing 2 pm Thursday 7 October 2021 (unless sold prior).
For more information, please contact:
Sam McIlroy on 021 730 100
Sam Jones on 027 666 5899
Ref #: 20806876