Discover an outstanding opportunity at 1-3/406 Cadell Street, Hay. This exceptional block of units comprises seven bedrooms and three bathrooms across a substantial 828 square metre land parcel. With a configuration of two cosy 2-bedroom units and a more spacious 3-bedroom unit, each unit benefits from individual carports, catering to a variety of tenant needs.
Unit 1 has undergone a refurbishment, featuring fresh paintwork, an updated bathroom, and new carpet tiles, making it ready for immediate occupation or rental. Unit 2 remains in its original condition, currently hosting long-term tenants, signalling reliable income continuity. Unit 3 is in average condition, presenting further potential to enhance and maximise returns.
The property includes a large tandem lock-up shed at the rear, which presents an additional revenue stream; it could be coupled with the 3-bedroom house or leased separately as a storage unit.
The current rent potential stands at an attractive $565 per week, broken down as follows:
- Unit 1: $180 per week - vacant
- Unit 2: $140 per week - tenant on periodical lease
- Unit 3: $210 per week - vacant
- Shed: $35 per week - vacant
Strategically positioned just one block away from the local swimming pool and a mere two blocks from the bustling CBD, this investment assures both convenience and appeal. Murphys Lane flanks the property, ensuring easy access for all occupants.
Secure this versatile investment package and watch your portfolio flourish in the heart of Hay.
Floor Plan
Floorplan 1
Virtual Tour
Trent Lloyd
Principal - Property Marketing - Sales Consultant