Centrally located in popular Canongate, this fully tenanted, purpose built 1970’s property is of sturdy Lockwood construction on a concrete block basement. Comprising 3 flats (2x2 bedrooms and 1x1 bedroom), it’s fully tenanted with a rental income of $1,100 per week (combined), equates to $57,000p.a. fully tenanted.
Flat A has 2 bedrooms with built-in wardrobes, open plan dining-living with access to the balcony, a lovely outlook over the city and seascape, heat pump, bathroom with shower over the bath, vanity and w/c. Flat B also has 2 bedrooms and is a mirror image plan of Flat A, with a near new kitchen, and also includes its own balcony.
Flat C is an exceptionally large flat, with spacious rooms and one super huge bedroom. It has a near new kitchen, 2 bathrooms and 2 w/c’s.
Calculate the numbers and see how this stacks up for you as an investment. Call Les today to discuss further and arrange a viewing time.