Situated in Mornington Peninsula's growth corridor these 6 1-2 bedroom units represent a strong investment offering a decent return while offering plenty of value and upside to improve returns!
Features include:
- Four 1 bedroom and two 2 bedroom units
- All Long term tenants
- 1,694sqm of land
- Largely well maintained
- Current Gross Return Circa $78,572 PA
- Close to schools, shops and transport
- Immediate vicinity to HMAS cerberus which is undergoing a $430 Million Dollar redevelopment
- Possibility for redevelopment (stca)
- Explore transforming into a short stay rental property targeting the recreational fishing industry with plenty of existing open space for boat and vehicle parking!
* all figures and measurements are approximate
Contact Sean Crimmins to book your private inspection!