MULTI -FACETED AVENUES INVESTMENT
Expressions Of Interest close 4.00pm Thursday 12th December 2019 (If not sold Prior)
Five separate titles/investment properties in the early Avenues close to the CBD to be sold in one transaction. A three bedroom character 1930's cottage at 10 Edgecumbe Road and four 1970's two bedroom apartments with pedestrian access off 10 Edgecumbe Road and vehicular/pedestrian access from the physical addresses of 76A, B, C & D Fourth Avenue.
With a total current gross income of $98,280 pa this represents a gross return of 7.5% at a sale price of $1,300,000 and 7% at $1,400,000. With bank rates running so low, where do you see the value?
Given the early Avenues location, the flexibility of a future owner divesting each property as required and potential upsides through upgrades this has to be a strategic investment for a savvy buyer. Register your early interest today!
Contact Ian Grindle on 07 213 0855 to discuss further