OVER 11% GROSS RENTAL YIELD!
Corner block within walking distance to the CBD.
Includes 9 self-contained flats consisting of 2 x 2 bedroom units and 7 x 1 bedroom units.
Shared laundry facilities, separate store room, 3 shared clotheslines and 6 carports.
This substantial property is located within walking distance from the CBD of Tumut. The two bedroom flats are spacious and comfortable and one two-bedroom flat features a generous balcony overlooking the town of Tumut and surrounding hills.
The average rent for the two bedroom flats is $160 per week.
The average rent for the one bedroom flats is $135 per week.
The grounds are low maintenance and the property is showing good return on capital and with future development of the area forcast as being favourable, prospective purchaser will be very impressed with this investment and is good value at the asking price of $589,500.
