Description
** Photos were taken in 2023**
If you've been searching for a cash cow close to the city centre, look no further than this two for one on Russell Street.
Its current set up includes a four bedroom property at the front returning $700 per week from the 22nd of January 2025 through to the 21st of January 2026. It has been carefully renovated by my vendor including updates to the kitchen, bathroom, flooring, carpet, and paint throughout.
The one bedroom provides an opportunity to add value and by doing so increasing the weekly rent roll. My vendor has recently re floored the kitchen and living area, including new carpets. It is currently leased on a fixed term tenancy until the 16th of October 2025 at $320 per week, giving you security of income.
Centrally located, properties such as this are few and far between in the current market - With a total of $1020 per week in rent from January 22nd 2024 onwards, and the ability to increase through cosmetic enhancements to the back, this property provides an exciting opportunity for the new purchaser.
Proudly marketed by Nick Beard from Cutlers Real Estate.
