This has an unbeatable rent return of $1,350 per week! How is this possible? you may ask. The property has 5 bedrooms all on separate lease agreements, and so when at capacity, offers an incredibly generous rent return which I'd guess in most cases this would be a positively geared investment and if not, then pretty close to it. The rooms are leased for varying terms, the longest of which expires in August 2025. And in addition to the epic rentability, this property is also on an R20/40 zoned block, offering potential subdivision options too (subject to being granted relevant approvals of course). The home is centrally located, with easy access to central Midland, and easier access to Roe Highway if you're journeying further afield. If this interests you, we recommend reaching out ASAP as something this lucrative is not likely to wait long Quick facts: • 677sqm block zoned R20/40 • 5 bedrooms (all with air conditioners) • 2 renovated bathrooms • Spacious kitchen and living areas • Solar panels • $1,350/week rent return when at capacity It's time to call The Mitchell Brothers Water rates: $593.02 p/a (approx.) - For period 01/07/2024 to 28/02/2025 Council rates: $1825.00 p/a (approx.) Disclaimer: Whilst every care has been taken in the preparation of this advertisement, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters. Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.
Email enquiry to Porter Matthews Metro - Belmont
Property ID: 147338168