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1, 2 & 3/16 Young Street
Golden Square VIC 3555
1, 2 & 3/16 Young Street
Golden Square VIC 3555
1, 2 & 3/16 Young Street, Golden Square VIC 3555
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Property was sold on 19 June 2020.
Sold on 19 June 2020.
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The Bendigo property market has been on fire in recent times, particularly the investment sector. Properties that are yielding a decent return are at a premium, and this 3-unit complex in popular Golden Square presents a fabulous opportunity for the savvy investor to take advantage of the current climate Being sold as a whole, two of the units are leased to long term tenants (12 & 6 years respectively) whilst the newly renovated Unit 1 is available with vacant possession as a live in investment or rental (appraised at approx $240 per week). There is scope to cosmetically improve and increase the return on units 2&3, which are currently leased at $205 per week on a month by month basis (appraised at $220 per week as is in the current market). This brings the overall potential yield to be approx. $680 per week, or $35,360 per annum. Units comprise of • 2 bedrooms (one with built in robes) • Open plan kitchen, dining and living (polished floor boards in unit 1) • Renovated kitchen in unit 1, the other two serviceable • Renovated bathroom and laundry in unit 1, the other two serviceable • Heating and cooling • Single carport for unit 1, single lock up garage for units 2 & 3 • Fenced yard for each unit Sited across 5 separate titles (3 for the units and 2 for the garages), this excellent opportunity to invest in to one of Bendigo's most popular suburbs will not last long. Close to local amenities and only 5 mins from the city centre, call now to arrange an inspection ** Please note: photos depict units 1 & 3. Please allow 48 hours notice for tenants to inspect
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