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Located across the road from the Somerset beach and within close proximity to the shops and amenities, this property represents an exceptional opportunity to invest in one transaction, yet capitalise on the four rental returns.
Set on a low maintenance 663m2 block, maintained by the current owner, the neat north facing brick and imitation weatherboard complex has been well maintained by the owner and is currently fully tenanted, returning $750pw. Currently under the management of First National Burnie, so, we are able to provide full rental history of the property to interested parties.
5 Esplanade, Somerset provides practical accommodation for a range of tenants. The complex consists of a 3 bedroom house and a two bedroom unit at ground level plus a 2 bedroom unit and a 1 bedroom unit on the first floor. Units 1 and 3 have been fully renovated. A common area connects all tenancies and provides secure access to the double garage at the rear. There is also off street parking available for 2 of the tenancies.
When it comes to this type of investment, it's likely to be first in best dressed, so if it's all about the location and you are in the market for a great money maker, then this should be at the top of your list.
Please note: We are required to give the current occupants 48 hours notice of any inspections.
Expressions of Interest close 4pm on Friday 12th May 2017