153 Gisborne Street, Wellington, NSW 2820

Villa 2 1 2
Price: $349,000
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MODERN 2BR VILLAS
The Phone Code for this property is: 80265. Please quote this number when phoning or texting.

5 VILLAS in this strategic investment are available for sale at $349,000 each and are contained on 3 titles.

They are all modern air-conditioned 2 bedroom villas with garages in Wellington and long term rented at $450 pw for 3 and $410pw for 2 and all on standard NSW residential leases.

These ideal investment villas can be bought in one line or in 3 separate parcels: villa 1 and 2 together; villa 3 separately; or villa 8 and 9 together.

Even buy one and keep the other rented to pay off your loan!

If bought in one line, the weekly rental of 4returns $2.170 per week shows a 6.8% pa return plus capital growth of about the same at this time .

This well designed and modern brick boutique development of only 9 villas has excellent street appeal with wide driveways and plentiful onsite parking & gardens. Spaciously laid out and located opposite both the hospital and high school they are in a desirable part of the town and close to all the amenities of Wellington CBD.

Even better, the 3 freehold titles are under the highly preferred community title legislation, minimising cost and avoiding strata title dysfunction. Community annual fees are just $610 per annum each

This title type is the perfect balance between title yet owners' independence, and the total holding provides a controlling interest in the scheme for security of management.

Wellington has seen substantial re-invention and growth over the last few years, resulting in high demand and so very low vacancy rate.

The combination of building quality, age, location, complex size, income and capital growth makes the offering perfectly suited to SMSFs, personal or corporate investment, a strategic holding with good return OR AN IDEAL LIVE IN ONE AND ENT THE OTHER FOR IUNCOME COMBINATION.

Inspection by appointment only and after proper identification and qualification of buyer who are ready and able to proceed to contract

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner Pty Ltd (forsalebyowner.com.au) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
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Contact the Owner
Phone or Text: 0488 847 018
Enter Phone Code: 80265

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