This block of 4 townhouses has been held by the current owners for 38 years, but the time has now come for a new owner. The property has had stable and consistent returns largely due to the properties central location, access to local transport at the doorstep and all just a short 50 meter stroll to Gosford waterfront, coffee shops, new parks and all the lifestyle that comes with the freshly rejuvenated Gosford foreshore
Combined all 4 townhouses lease for approx $1340/week with scope for further improvements in these returns as local rental shortages drive up rental prices. 3 of the 4 properties are in current leases that are soon to expire which would also allow the opportunity for higher returns in line with the local market increases. There is also the opportunity for small scale improvements like kitchens and bathrooms which will further increase appeal and rental yields.
These properties must be sold in 1 line and are NOT for individual purchase.
For specific information on the current leases, returns, pricing and inspection availability please get in touch with Cameron today on 0408 219 261
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|R&H Suburb Summary||Houses|
|Number of sales||20|
|Median Rental Price||$570 p.w.|
|Change in Rental Rate (5yr)||4 %|
|R&H Suburb Summary||Units|
|Number of sales||36|
|Median Rental Price||$400 p.w.|
|Change in Rental Rate (5yr)||18 %|
14 York Street, Point Frederick,
New South Wales, 2250