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Large central block with 3 units and a house. Perfect for investors or developers Current Annual Rental Income $44 720approx

121 Banyan Street, Warrnambool
$819,000 For Sale
Block Of Units
  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Car spaces

Description

The land: Current rental return of $44 720. 1561m2 approx. 70m deep, 22m across approx. This property is in a well sought after location being nice and close to Reid oval, CBD and Warrnambool High School, bus stops and much more. With a 3 bedroom house at the front, 1x2 bedroom unit and 2x1 bedroom units at the back with a little grass for each, there is abundance of space.

121 Banyan Street (The House)
This period home is sure to impress. With high ceilings and ornate cornices, you will be amazed as soon as you walk through the front door. It was originally designed as a 2 bedroom home with a formal dining room but the modern family would probably set is up as 3 bedrooms as there is an abundance dining space in the oversized lounge, the kitchen, with electric cooking, also has space for a dining table if you prefer, along with ample cupboard space for any home chef. A bathroom with the simplest of necessitates, a separate toilet and a separate laundry with direct access to the back patio where you can wave to your neighbours in the units out the back and enjoy the afternoon sun. With gas ducted heating, a single garage, single carport along with a double carport tall enough for the caravan or boat, all your vehicles will feel at home.

The 3 units are almost a carbon copy of each other with the only difference being that unit 1 has 2 bedrooms while the others are only 1 bedroom. Each of the units has a neat kitchen with electric cooking and a small meals area overlooking the lounge. Each of the bedrooms are decent in size with room for a queen size bed and built in robes in each. The bathrooms are simple, with the essentials including washing machine facilities. A carport for each of the units as well as some grassed area to make the unit feel homely.

House - $315 pw - $16,380 pa
Unit 1 - $185 pw - $9,620 pa
Unit 2 - $175 pw - $9,100 pa
Unit 3 - $185 pw - $9,620 pa