9 Melinda Grove, Lake Heights, NSW

Auction | 5:30pm
Thu 26th Nov
|
8 4 4

Investment Opportunity with Strong Upside Potential.

An exciting opportunity to secure a block of four two-bedroom units! Set on a generous 656m² parcel of land, this solid brick block of four residential units presents an outstanding opportunity for investors seeking a quality addition to their portfolio.

Offering established rental income from day one, the property is presented in neat, original condition and provides excellent scope for future improvements and modernisation. With the potential to add value and further enhance returns over time, this is an investment with plenty of upside.

Conveniently positioned, the property is approximately a 3-minute drive to Warrawong Plaza, less than 15 minutes to Wollongong CBD and just 19 minutes to Shellharbour Village, offering easy access to shopping, dining and essential amenities.

Property Highlights:
• Block of 4 x two-bedroom residential units
• Three units currently tenanted, providing established rental income
• Neat original condition with scope to improve and add value
• Current rental income of $1,090 per week with one unit currently vacant, presenting scope to further increase returns.

For more information call Cooper Reed on 0447 178 967.





Disclaimer: We have obtained all information provided here from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations and satisfy themselves of all aspects of such information including and without limitation, any income, rentals, dimensions, areas, zoning, inclusions and exclusions.

Key Features
Property Type
Block Of Units
Land Size
656 sqm
Council Rate
$1,029.92 Quarterly
Water Rate
$866.12 Quarterly

9 Melinda Grove, Lake Heights, NSW

Auction | 5:30pm
Thu 26th Nov
|
8 4 4
Key Features
Property Type
Block Of Units
Land Size
656 sqm
Council Rate
$1,029.92 Quarterly
Water Rate
$866.12 Quarterly
Property ID:
3P18156
Auction:
Thu, 26th Nov
5:30pm
Auction venue:
MMJ Wollongong, G01/16-20 Belmore Street, Wollongong
Upcoming inspections:
Sat, 7th Nov
1:00pm - 1:30pm
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Contact Agents

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Office: MMJ Real Estate, Wollongong
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