Kalimna West

GATEWAY TO LAKES ENTRANCE - RESIDENTIAL RETURNS OVER 11%

Here's your opportunity to secure an investment property approved as mixed use residential comprising seven units and a three-bedroom home spread across over an acre of land at the gateway to Lakes Entrance. The home and units are currently leased as residential tenancies and offer a gross return of over 11% with an approximate net return in excess of 9%.

At the rear of the property sits the main home which consists of three bedrooms, two with built-in-robes, bathroom, wood heating, split system reverse cycle air conditioning and veranda. Adjacent to the home is a double carport. This home has been extensively renovated and is currently leased but could be utilised as a manager's residence.There are a further two studio units and five, 2-bedroom units across three buildings.

The units and home have recently undergone significant renovations and improvements, town water is connected and the NBN is available. A vast infrastructure upgrade including the installation of a state-of-the-art electrical system means each unit and the home are independently smart metered, supporting independent living. The system also manages public lighting and controls the heat pump hot water system. The footprint of the current buildings on the site means there may also be scope to add additional accommodation units or homes (subject to council approval).

Lakes Entrance is only five minutes by car, Metung is ten minutes and Bairnsdale only twenty-five minutes. The V-Line Bus Stop is right out the front and the Colquhoun Mountain Bike track and Regional Park is just across the road. Don't miss this opportunity to secure a property with secure, above average returns. Call today for more information.

  1-3/64 Robertsons Rd , Kalimna West

Price


$779,000

Specifications


15 Bedrooms 8 Bathrooms 2 Car Parks

Land size: 1.00 Acres approx.


Address


1-3/64 Robertsons Rd
VIC KALIMNA WEST

Price


$779,000

Specifications


15 Bedrooms 8 Bathrooms 2 Car Parks

Land size: 1.00 Acres approx.


Address


1-3/64 Robertsons Rd
VIC KALIMNA WEST

For Sale



Inspection by appointment


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