- Entire group of 15 one bedroom units.
- Well presented unit complex.
- Land area of 2,361sqm*.
- Adjoins Lionel Street shops.
- Potential gross income of $170,000 pa*.
- Possibility to rezone and individually title (subject to all
relevant approvals).
Introduction
Burgess Rawson and John Matthew & Sons are pleased to offer for sale 56 Lionel Street, South Kalgoorlie. A group of 15 well presented villa units conveniently located next to the Lionel Street shops.
Location
Located in South Kalgoorlie, less than 5 kilometres from the CBD. A popular central suburb, consisting mostly of private residences with a mix of schools and small businesses. Public transport is easily accessible. Like complexes surrounding.
Improvements
Situated on the site are 15 one bedroom villa units constructed of brick walls and a metal deck roof. The units feature open plan living/kitchen area, bedroom with robe and bathroom with laundry facilities. Each unit has a courtyard at the rear and one car bay at the front of the development.
Income
12 of the units are currently leased generating $139,360 pa*. Fully leased the asset in the current market should generate a gross annual income of circa $170,000 pa*.
Legal Description
Lot 10 on Diagram 74199 Certificate of Title Volume 1809 Folio 825.
Land Details
Frontage to Lionel Street 39.13 metres*
Total Land Area 2,361sqm*
Zoning
The City of Kalgoorlie-Boulder advise that the property is zoned ‘Residential R20’.
Possession
The property is sold with the current leases. Please refer to the selling agents for details.
Goods and Services Tax
The sellers are not registered for GST.
For Sale $995,000
*Approx
