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Property ID: 1P4805
99a Mortimer Street Mudgee NSW
$ 2,625,000
- 12
- 6
- 6
-
Block of Units
-
Sold
-
1500 sqm
-
6
-
$1,736.00 Quarterly
External Links
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A BLOCK OF APARTMENTS IN MUDGEE'S CBD
An incredible opportunity to secure an entire unit block of 6 apartments right in the heart of Mudgee's CBD. Fully tenanted, two story complex consists of 6 superbly renovated garden apartments, currently returning $2,455 per week, with an approximate return on investment currently at 4.5% per annum gross.
- 6 x 2 bedroom apartments generous size, built-in robes & new carpet
- Renovated bathroom with shower and vanity, plus own personal garden/yard
- All units have been upgraded internally with lovely modern finishes
- Spacious light filled formal lounge & dining with new flooring throughout
- All kitchens have updated appliances, electric cooking consisting of Caesarstone or vinyl bench tops
- Climate control is catered for with split A/C systems and ceiling fans
- All units have an internal laundry plus additional toilet
- Large level 1,500sqm block approx. Zoned R3 Medium Density Residential with main road exposure
- Quality tenants occupying all 6 units for a 6-12 month leases period
- Currently returning $2,455 per week, estimate return up to 4.5% per annum
- Current Rental estimate of $450 per week for each unit (ROI Estimate 4.9%)
This location is always popular with prospective tenants due to its location and ease of access to all required amenities. This well established complex is a solid investment with ample opportunity for growth, take advantage of this rare find and secure this property for a truly incredible investment.
Auction to be held in our Auction Room 11am on Friday 23rd September 2022, at 58 Market St, Mudgee 2850
To arrange your own private inspection contact David Goldring on 0426 251 981 or Ashley McGrath on 0406 635 699 at The Property Shop
- 6 x 2 bedroom apartments generous size, built-in robes & new carpet
- Renovated bathroom with shower and vanity, plus own personal garden/yard
- All units have been upgraded internally with lovely modern finishes
- Spacious light filled formal lounge & dining with new flooring throughout
- All kitchens have updated appliances, electric cooking consisting of Caesarstone or vinyl bench tops
- Climate control is catered for with split A/C systems and ceiling fans
- All units have an internal laundry plus additional toilet
- Large level 1,500sqm block approx. Zoned R3 Medium Density Residential with main road exposure
- Quality tenants occupying all 6 units for a 6-12 month leases period
- Currently returning $2,455 per week, estimate return up to 4.5% per annum
- Current Rental estimate of $450 per week for each unit (ROI Estimate 4.9%)
This location is always popular with prospective tenants due to its location and ease of access to all required amenities. This well established complex is a solid investment with ample opportunity for growth, take advantage of this rare find and secure this property for a truly incredible investment.
Auction to be held in our Auction Room 11am on Friday 23rd September 2022, at 58 Market St, Mudgee 2850
To arrange your own private inspection contact David Goldring on 0426 251 981 or Ashley McGrath on 0406 635 699 at The Property Shop
Features
- Living Area
- Air Conditioning
- Built-ins
- Smokers
- City Views
- Close to Schools
- Close to Shops
- Close to Transport
- Heating
