1 & 2, 6 Lyon Street, Bellingen NSW 2454
Attention Investors - Block of 2 units
These 2 units were built in the 1970's and have survived the test of time. The 2 bedroom unit is rented for $160 per week and the 1 bedroom unit is rented for $110 per week. With concrete block and fibrous cement sheeting construction, they were built for minimum maintenance and are set on a 650 sq m block, right next door to a supermarket, bottle shop and take-away food shop. As you may imagine, these units are fairly basic, with simple and functional kitchens offering electric cook top and ovens, with single stainless steel sinks. Similarly the bathrooms are simple and functional. These units offer the best rental value in Bellingen, so they're virtually never empty and the current tenants have been in place for some time. If these units were to receive some improvements, the rental amounts could certainly be increased. So, with a better than average return now, and the opportunity to increase that return, these units are offering excellent value. Information sheet available upon request - note all measurements in text and plans are approximate.
Land size: 650 m2