3/115 Kororoit Creek Road WILLIAMSTOWN VIC

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Waterfront Townhouse $295,000
This is a once in a lifetime opportunity to land bank prime waterfront property and get an exceptional rental return along the way.

Light, bright and very spacious, this double storey 2 bedroom, 2 bathroom townhouse has stunning, panoramic views over the Bay. The position is uninterupted waterfront and cannot be built out....

Features: centralised heating/cooling, large open plan kitchen, large powder room and laundry, balcony, courtyard area and carspace on title.

leased to Quest Serviced Apartments until 2011 (tenant has the option to extend the lease for a further 3 x 5 years). Current rental is $1394 per month, increasing by 4% each January. The tenant pays the body corporate fees and water rates. The owner pays council rates. (the property is positive cash flow!!)

Comparable properties sold as vacant possession fetch over $500,000 and properties next door are selling for over $800,000, so sit back and let the tenant pay off your mortgage whilst you wait for the pot of gold at the end of the rainbow.

Note: Hobsons Bay council have approved a street address change as of 2009. This property will be known as 5 Pelican Terrace, Williamstown as from the next rating year onwards.
  • House
  • 9 Sqrs
  • $ 0
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Admin Oakleigh Marketing

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