Ballina TOWNHOUSE COMPLEX $1,285,000
BLUE CHIP RESIDENTIAL COMPLEX, BALLINA
14 Bangalow Road
In the heart of Ballina, discover this rock solid investment opportunity of 6 x 2 bedroom, double storey, 2 bathroom townhouses with carport, on a level block.
Wheelchair friendly with one bedroom, kitchen, bathroom and living downstairs, together with a second bedroom and ensuite upstairs.
Fully let on a fixed long-term tenancy agreement, the complex offers a future strata subdivision opportunity to part, or fully sell the complex.
The middle market tenancy base enjoy the very central location; 500 metres to the commercial main street of Ballina with its beautiful river, boardwalk, cafes and restaurants, the convenience of a major shopping complex, hospital and schools only 200 metres away and the easy access, additional off street parking and bus services at the front door.
Structurally sound and master built with a combination of brick and tile, the complex is in a top quality state of repair. With a complete package of documentation, showing a near 5% net return, a rent review in 18 months of say 10%, together with an approximate 15 to 20% capital value increase once strata titled, this property offers plenty of upside and blue sky.
14 Bangalow Road, Ballina
Extremely well priced at $1,285,000
Contact Scott Harvey on 0412 296872
|Land Area||1097 m2|
Name: Scott Harvey