5.6% Return on Investment - House, Factory, Unit, & Shed on 3 Acres
Positioned on the boundary of Woodvale and Sailors Gully, this unique three acre holding comprises a house, factory, unit, and large storage shed. Each can be leased separately for a combined rental return in the vicinity of $79,000 per annum – equating to a 5.6% yield at the indicative selling price.A shared bitumen driveway turns to a common hardstand yard. The main switchboard provides current-transformer metering and delivers 3-phase power to the factory via 160-amp cabling.
Factory:
Currently leased to an automotive business, the factory retains infrastructure from its former use as a registered food premises for the extraction of honey, including in-floor pallet scales, washout room and vat.
The drive-through layout with 3.9m clearance offers excellent functionality, supported by LED lighting, a manager's office, bathroom and mezzanine.
The securely fenced yard includes dual double gates enabling full semi-trailer circulation and ample space for outdoor work space, vehicle parking and container storage.
House:
In excellent condition the weatherboard home on concrete stumps offers three bedrooms plus a study and has been consistently popular with renters over the years. The main bedroom features a walk-in robe and ensuite, while the other bedrooms include built-in robes. There is also a small storage shed, and a double carport.
Shed:
A generous shed with three roller doors, and a sliding door with 3.3m clearance. The building is ideal for leasing as secure storage for caravans, boats, trailers and similar assets on a fixed term. Or you may retain this space for your own secure storage.
Unit:
A two-bedroom unit with both fixed and free-standing robes, single carport, single garage, covered front and rear outdoor areas, workshop space and storeroom. The unit has also been popular with renters over the years.
A terrific option for those looking for an attractive return on investment, with the added advantage of future business owner-occupation of the factory and the option to live on site.
A copy of the Due Diligence checklist can be found at https://www.consumer.vic.gov.au/duediligencechecklist
Features
General Features
- Property Type: House
- Bedrooms: 5
- Bathrooms: 4
- Land Size: 3 acre
Indoor Features
- Toilets: 5
Outdoor Features
- Garage Spaces: 5
- Carports: 3
Can I afford 5 Dempsey Street?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
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