Once in a lifetime opportunity!
For the astute buyer, is this outstanding opportunity to purchase the rare offering of 24 home units on one Title of land size 2,680m2 (approx.) and an adjoining house and land of 945m2 (approx.) with a combined total land size of 3,626m2
Built in 1969 and known as Eversley Court, the 24 unit site (2 two-storey buildings) at 3-5 Eversley Avenue, consists of 16 two bedroom units and 8 one bedroom units each with one bathroom and one car space per unit.
Situated at 9 Eversley Avenue is a 3 bedroom house built in 1950 with living room, country style living/meals and out-buildings on land size 945m2 (approx.). Located immediately adjacent to 3-5 Eversley Avenue allows for future development of the total site or a stand alone development.
Current annual net income of home units $270,785
Current annual net income of house $14,560
Current annual total income $285,345
All properties are currently tenanted with long-term, stable tenants in a well-managed and maintained group. Refer to attached tenancy schedule for rental and lease information. Please note that two units are vacant to enable property viewings to occur. Refer to agent for Open Inspection times.
Options abound for the purchaser who may wish to buy for the income, buy for the superannuation portfolio, buy for future development or buy to divide, sell and profit.
Perfectly positioned 7km from the city via Main North Road and located moments from the North Park Shopping and Sefton Park Shopping precinct. Enfield is a highly sought after suburb with significant urban renewal and development occurring.
Contact John Riggall with any questions. The team at First National Riggall are here to Make Your Property Dreams a Reality.
Tender closes Monday 1 July 2019 @ 5pm at Agents Office (Unless Sold Prior)
The Vendor's Statement (Form 1) will be available for perusal by members of the public:-
(A) at the office of the agent for at least 3 consecutive business days immediately preceding the auction; and
(B) at the place at which the auction is to be conducted for at least 30 minutes immediately before the auction commences.
