Under Contract by Matthew Jabs

Situated in one of Bardon’s best Streets is this solid cavity brick block of four flats sitting on a 749m2 block with peaceful leafy outlook and a potential view to the City Centre when building up.

The property consists of four x one bedroom flats all with long-term tenants making this the prefect superannuation investment or long-term nest egg. The flats are in good condition with minimal maintenance needed and real potential to strata title into four separate titles (S.T.C.A).

Outlook Crescent Bardon is home to some of the suburbs best homes with sales in excess of two million dollars. Properties in Outlook Crescent are often architecturally designed to incorporate the extensive City views along with the Mountain outlook this elevated position provides. The current median sale price in Bardon is $927,500.

The Property in Summary Features:
– 4 x 1 bedroom large units returning $940.00 per week with real potential to renovate or upgrade the units and achieve more rent and add value.
– Full cavity brick with concrete suspended slabs described by the building inspector as a Sherman tank.
– Neat and tidy condition all with back balconies and the potential to add value by making bigger balconies.
– Sitting on 749m2 of land with well establish gardens overlooking the mountains and surrounded by multi million dollar homes.

This is a unique opportunity to secure a block of solid cavity brick flats with a long-term history of strong returns in one of Bardon’s best locations. Call Matthew Jabs to obtain an information package on the property which contains rental returns, aerial photography, building and pest reports completed on the 18th of January 2011 and brochure of the property with floor plans.

The Sustainability Declaration is available from the agent.