SOLD

148 Morriss Road, Warrnambool, VIC 3280


2 X (2 x 2 BEDROOM UNITS ON ONE TITLE)

These days it is getting so hard to find a straight-forward, reliable, low-maintenance, high-yielding, low-vacancy, "bread-and-butter" property investment.
We have one. Or two. Your choice - For now, while they both last.
Here is a pair of solidly built and well maintained brick-and-tile 2 bedroom units on the one title, still owned by the original well-renowned local builders. Each unit is free-standing. And at the same time they built these ones, they built next door as well, which are the same floor plans, and in comparable condition, and also for sale while both pairs last. (The internal photos are of the rear unit at 2/150 Morriss Rd, an inspection will reveal all units in comparable condition).
Market rental value would be approx $280 per week per unit, representing a 6.33% gross return. Currently the rents are below market value, averaging around $220 per week, but the vendors would be open to subsidising this for the remainder of the tenancy terms to represent 6.33% gross return from day one.
In all of the units there is an open plan kitchen and good sized meals area with electric cooking. All lounge rooms have gas heating. Separate shower and bath in the bathroom, separate laundry, separate toilet and single lock up garage.
Just try and find a residential investment to compete with these, in such a vibrant, thriving regional city offering both growth and return - we don't think you will!

PROPERTY FEATURES

  • Living Area

LOCAL SCHOOLS

PROPERTY REPORT

Explore this property's history including price and growth of the property

DEMOGRAPHICS

Population
Average Age
57% Owner
32% Vacancy Rate
Explore Warrnambool in more details

NEARBY PROPERTIES

Back to Search Results
ENQUIRE ABOUT THIS PROPERTY