1-5 823 Miller Street, West Albury

1-5 823 Miller Street, West Albury

NINE

FIVE

Five units on one title, perfect investment opportunity AGENT: Nicholas Clark 0439 215 293 Geoff Stean 0413 888 788

FIVE

Location

Features at a glance

Presenting a great opportunity for the astute investor to add the portfolio, this block comprises 4 X 2-bedroom units and 1 X 1-bedroom unit. Currently returning $48,880 gross per annum, the block is fully let to great long-term tenants.

In maintained condition, the units have potential to add value through renovation or strata subdivision subject to council approval. Situated in a favourable position, the block is just minutes to Monument Hill, the Albury CBD, bike/walking paths and the Murray River. A quiet residential street with elevated views also adds appeal to potential future tenants.

• Combined rent income $940 per week ($48,880 per annum) • Fully let to great long-term tenants • Situated within walking distance to amenities • Rates $3,416.92 per annum • Water $850.95 per annum + consumption

Unit one - One bedroom – returning $190 per week Unit two - two bedroom – returning $190 per week Unit three – two bedroom – returning $190 per week Unit four – two bedroom – returning $190 per week

ADDRESS: 1-5 823 Miller Street, West Albury

Unit five – two bedroom – returning $180 per week (future rent increase to $190 to take effect 26/4/2020)

FOR SALE: Contact Agent Land: 1,214m2 (approx.)

Rates: $3,416 (approx.)

Water: $850.95 pa + consumption 4 x 2 bedroom units 1 x 1 bedroom unit $48,880 gross return

Floor Plan 1-5/823 Miller Street, Albury

Carport 5 Carport 4 Carport 3

Kitchen

Unit 5 Living

L’dry Bath

Bed 1

Bed 2 Bed 2

Bed 1

L’dry Bath

Living Kitchen

Unit 4

Kitchen

Unit 3 Living

L’dry Bath

Bed 1

Living Kitchen

Unit 2

L’dry

Meals Kitchen

Bath

Unit 1 Living

Bed 1

Miller Street

Total floor area - 393

Carport 1

Bed 1

L’dry Bath

Living area – 278.3

Carport 2

Bed 2

WIR

Lower Level

Bed 2

Features at a glance

STEAN NICHOLLS REAL ESTATE Suite 1, Unit 19, 669 Dean Street, ALBURY NSW 2640 P: (02) 6021 5233 E: realestate@steannicholls.com.au W: www.steannicholls.com.au Disclaimer: Information provided is believed to be accurate as at the date of printing, no responsibility is taken for any errors or omission. It is your responsibility to obtain independent, professional advice. Personal information collected from you is for security purposes to contact you should the property sell prior to auction. We may use this information to provide you with other real estate services including referrals to authorized financial services’ providers.

Stean Nicholls Property Services Pty Ltd; ABN 40 422 698 693