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88 & 90 Firth St is located on a beautiful tree-lined street in a popular suburb; favoured for great schooling and proximity to the CBD and recreational amenities - elements that are key to consistent growth and demand. The lifestyle offered and renaissance of Hamilton East Village add to the appeal. Consisting of 8 x 2 bedroom units, each with internal access garaging. Currently returning a total of $3870 per week- with upside.
The successful purchaser is buying an instant portfolio with each unit on its own separate unit title – all 8 units are offered as a single sale on an underlying 1,437sqm of freehold, high-density land. Enjoy the benefit of buying wholesale by purchasing at a steep discount to the sum of the parts. Ideal for the portfolio investor, speculator, group of friends or Family trust. The successful buyer will enjoy instant ‘paper gains'.
The tenants here love the warm, dry living, modern décor, functional layout and private courtyards. The complex is in good condition as you would expect from a well-maintained complex built in 2016. There is potential to improve rents and unlock higher returns. A complex like this under single ownership is uncommon and the easy maintenance, single level design will become increasingly rare given the density and height that is a significant feature of coming developments and urban planning.
Enjoy the strong yielding, passive cash flow and instant equity.
Call Vaughan Heslop the Multi-unit specialist for more information about this opportunity