Two flats with + standalone cottage - BEO $875,000

55 Mandalay Terrace, Khandallah

  • Bedrooms5
  • Bathrooms3
  • Living Areas3

One property, three income sources... What a fabulous investment opportunity! Khandallah is renowned for being a safe, affluent community. Rarely do opportunities such as these come along.

The property consists of:

Upstairs top flat: Tidy and sunny two bedroom flat with balcony and partial double glazing. Rented $410 per week, with a fixed tenancy 12/2/2018.

Downstairs bottom flat: One bedroom flat with separate living. Rented $230 per week, with a periodic tenancy.

Standalone cottage: Sunny, warm, refurnished with two double bedrooms and private deck. Rented $420 per week, with a fixed tenancy 19/1/2018.

Features of this property include:
- Contemporary tidy decor throughout
- Open plan kitchen, dining and living areas
- Two off street car pads
- Tidy grounds
- Sunny north/west facing
- Heatpump in cottage and upstairs flat
- On bus route
- Close to Khandallah Village and schools
- Rates $2,683.29 p.a
- Current rents $55,120 per year (with an upside)
- Rental assessment $59,800 per year
- LIM report available


This investment opportunity is not to be passed up! Contact Tom Culy



Address

55 Mandalay Terrace, Khandallah

Price

BEO $875,000

Listing ID

LOWE1610

Type

House

Floor Area

160 m² approx

Land Area

685 m² approx

Rates

$2,683.29