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 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 separate kitchen and a fully fence year with garage. (currently not lettable)

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 has been replaced removed the old cement tiles and replacing with brand new colour bond corrugated sheeting.
- Unit 4 has been completely rebuilt with new kitchen, bathroom, carpet, paint, fixtures, and fittings.
- Unit 5 has had new carpet installed
- 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)
Unit 1 $115pw
Unit 2 $120pw
Unit 3 $115pw
Unit 4 $150pw
Unit 5 $130pw
Unit 6 $120pw
TOTAL $870pw or 45,240

Rates $5,300 (approx)
Water $1,500 (approx)
Insurance $2,000 (approx)
TOTAL $7,000pa

NOTE: All figures are approximate and offered as a guide only. We can not offer financial or legal advice. We recommend that you 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