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Sold
House
SOLD on Jul 2024
$590,000
1 4/59 Monash Road, Newborough, VIC, 3825, Australia
5
5
4
1360 m²
About this Property
Centrally located in the Heart of Newborough, sits this unbeatable investment opportunity that will sit perfectly in your investment portfolio.
Offering a flexible and diverse layout, the property features a 2 Bed and 2 bath home at the front, and a separate 3 x 1-bedroom apartments at the rear, adjoined by a communal carport providing for easy access and vehicle storage.
The large near flat allotment is Central to the township, close to local amenities with well-maintained surrounds, all on a 1359m2 block the property is set for a long future of capital growth, whilst offering a modest return from the day you settle, with plenty of room to improve over time!
Current rent amounts,
House - $300pw - Increase issued to $350pw from 15/07/24
Unit 2 - $145pw - Increase issued for $210pw from 17/07/24
Unit 3 - $200pw
Unit 4 - $175pw Due for review October 2024
Units 2,3,4 current market value is approx $200-$220pw
Total - $42640 per year.
All units are currently leased with great tenancies, with the option to extend them if you wish.
Close to Newborough Village, Schools, Medical facilities and all the amenities you require, investment opportunities don't get any better than this, for further information enquire within!
Offering a flexible and diverse layout, the property features a 2 Bed and 2 bath home at the front, and a separate 3 x 1-bedroom apartments at the rear, adjoined by a communal carport providing for easy access and vehicle storage.
The large near flat allotment is Central to the township, close to local amenities with well-maintained surrounds, all on a 1359m2 block the property is set for a long future of capital growth, whilst offering a modest return from the day you settle, with plenty of room to improve over time!
Current rent amounts,
House - $300pw - Increase issued to $350pw from 15/07/24
Unit 2 - $145pw - Increase issued for $210pw from 17/07/24
Unit 3 - $200pw
Unit 4 - $175pw Due for review October 2024
Units 2,3,4 current market value is approx $200-$220pw
Total - $42640 per year.
All units are currently leased with great tenancies, with the option to extend them if you wish.
Close to Newborough Village, Schools, Medical facilities and all the amenities you require, investment opportunities don't get any better than this, for further information enquire within!
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More Details on 1 4/59 Monash Road, Newborough VIC
How many bedrooms and bathrooms does 1 4/59 Monash Road, Newborough have?
1 4/59 Monash Road, Newborough is a 5 bedroom, 5 bathroom house.
Who is the agency that listed 1 4/59 Monash Road, Newborough?
The agency who listed 1 4/59 Monash Road, Newborough is Harcourts Warragul - you can contact the agents here.
How many car spots does 1 4/59 Monash Road, Newborough have?
1 4/59 Monash Road, Newborough is a 4 car spot home.
How much is 1 4/59 Monash Road, Newborough?
The price of 1 4/59 Monash Road, Newborough is $590,000 - contact the agents to find out more.