TWO FLATS - DIAMOND IN THE ROUGH

Okay, we admit it, this property needs some TLC on the exterior... but if you can look past the paint job, scratch the surface, and you will find a great little money spinner, in a super central Newlands location, right by the shops. Two x 2-bed flats, each with a carport, all in quite tidy condition inside, rented for $900pw, this is a little ripper that's ready to go.

Each flat is essentially identical:
- Rented for $450pw each until Jan 2020 (8a) & early 2020 (8b)
- 2 double bedrooms
- Generous lounge
- Separate kitchen
- Bathroom with shower over bath
- Separate WC
- Covered carport
- Plus room for more parking in the driveway
- 2018 RV $700,000
- Rates $2,802.60pa

For Sale by TENDER (if not sold prior):
- BEO $599,000
- Closes 1:00pm Tuesday 05 Feb 2019
- At Lowe&Co Realty, 8 Kent The, Wellington
- The vendor will consider offers FROM TUESDAY 29 JAN

With $46,800pa in rental income, in a super convenient location, this is an affordable entry level investment that is set and ready to go. Our vendors have had 11 good years from this property, but a change in circumstances means it's now time for it to go. Pick up this diamond, give it a polish, and you will probably reap the rewards for the next 11 years too.