Springvale 1-5/1 Dodds Street

5 Units... 5 TITLES... 1 Block... All Yours!

Introducing to the market an opportunity no investor wants to miss. Comprising of 5 units, on 5 separate titles, this classic property is a gold mine! With a huge land size of 888sqm (approx) in a blue-chip pocket of Springvale, this is ideal for investors, the perfect addition to your superfund or portfolio.

This unit complex is superbly maintained with outstanding tenants providing you with a stress-free rental income of $71,016 per annum (approx). Each unit is separately titled, providing you with the benefit to sell individually in the future.

These solid brick units perfect for investment, each dwelling comprises 1 bathroom; a practical layout with living room, meals and kitchen, Units 3 and 5 each have two spacious bedrooms and Units 1,2, and 4 each have one spacious bedroom all with BIRs. The site is in impeccable order with tidy landscaping, rejuvenated carport, new concrete driveway and roof restoration.

UNIT 1 (1bed) $1,108 pcm
UNIT 2 (1 bed) $1,086 pcm
UNIT 3 (2 bed) $1280 pcm (was leased for and is currently vacant to allow inspections)
UNIT 4 (1 bed) $1140 pcm (was leased for and is currently vacant to allow inspections)
UNIT 5 (2 bed) $1304 pcm

Unit 1 (good condition)
Unit 2 (good condition)
Unit 3 (refurbished)
Unit 4 (good condition)
Unit 5 (renovated)

SHOULD YOU WISH TO HAVE ALL UNITS LEASED THE VENDOR IS HAPPY TO AGREE TO LEASE ALL PROPERTIES UPON EXECUTION OF AN UNCONDITIONAL SALE WITH A 10% DEPOSIT SO THAT THERE IS A COMPLETE INCOME STREAM FOR YOU ON THE DAY OF SETTLEMENT.

Great location walking distance to Springvale central with easy close access to Heatherhill Primary School, Keysborough Secondary College, Noble Park train station.

DISCLAIMER:
The measurements provided of the land and/or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property/land / or of each room, we advise you to conduct your own measurements and/or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.

Property Information

• Land area approx 888sqm

Property Features

• Car Spaces 5