This package offers it all.
222 Lachlan Street, Hay

$480,000· Block Of Units (For Sale)
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay
  • 222 Lachlan Street, Hay

222 LACHLAN STREET is an exceptionally desirable property for an investor, especially an investor looking to boost their self managed super funds.

The property consists of a 3 bedroom home home at the front of the property and 6 x 2 brick veneer bedroom units in the middle of the property and a large carport running from one fence to the other at the rear of the property, able to house 6 cars.

The home though in need of some work offer, 3 roomy bedroom, large lounge, enclosed veranda seperate kitchen and a fully fence year with garage.

The location couldn't be better 1/2 a block from the CBD, Motels, Clubs and adjacent to the local primary school.

Over the last twelve month renovations have been untaken to the units, as follows:
- The entire roofing have been replaced removed the old cement tiles and replacing with brand new colour bond corrugated sheeting.
- Unit 4 has been completely rebuild with new kitchen, bathroom, carpet, paint, fixtures and fittings.
- Unit 5 has had new carpet instsalled
- Unit 3 has had new blinds
- along with general maintenance to the other units.
This allows for great deprecation potential for the new owner.

ROI are as follows (if fully occupied)
House $120pw
Unit 1 $115pw
Unit 2 $120pw
Unit 3 $115pw
Unit 4 $150pw
Unit 5 $130pw
Unit 6 $120pw
TOTAL $990pw or $51,621.42pa

Rates $5,300 (approx)
Water $1,500 (approx)
Insurance $2,000 (approx)
TOTAL $7,000pa
Return on Investment
Asking Gross Return Net Return
$480,000 10.75% 9.30%

NOTE: All figures are approximate and offered as a guide only. We cant not offer financial or legal advice. We recommend that your seek your own financial advice.

This investment opportunity is too good to be missed.

Features

Floor Plan

Floorplan 1

Floorplan 2

Location

Trent Lloyd

Principal - Property Marketing - Sales Consultant

03 5881 8019
0407 813 983

Contact