Looking for a cash positive investment, with minimal outlays? The search is over!
This property is currently returning $560pw (when fully tenanted). It is a mix of a residential home and 10 storage sheds.
The homes is a solid red brick home, that was painted throughout in 2017. Offering 4 bedrooms, roomy lounge, modern kitchen and fully fenced. Storage shed 1 is offered as a package deal to the tenant that rents to home. There is a new tenant in place with a lease till 5/3/2019 rent of $220pw.
The storage sheds comprise different shapes and sizes to accommodate everyone's needs and wants. All the current tenants in place are long-term and have rented the sheds for a number of years, there has been minimal change over of tenants.
Shed 2 $22.73 pw
Shed 3 $27.50 pw
Shed 4 $28.00 pw
Shed 5 $80.00 pw
Shed 6 $55.00 pw
Shed 7 $44.30 pw
Shed 8 $27.50 pw
Shed 9 $27.50 pw
Shed 10 $27.10 pw
Total shed rent $340.03 pw
Shed Rent $340.03pw
House Rent $220.00pw
Total rent $560.03 pw
Rates:: $2156.49 PA 2018/2019 Period
NOTE: Water usage paid for by the owner, as only one meter for the property.
Electrical usage for shed 2,3,4,7,8,9 &10 paid for by owner - sensor lighting in the storage shed.
Unit 5 & 6 are separately metered and tenants pay for own power usage