1-5/461 Hannan Street, Kalgoorlie WA 6430

Outstanding Investment Opportunity

Outstanding opportunity to acquire a complete block of 5 units for $1,125,000 with a split considered for $225,000 for each individual unit.

This neat and tidy complex consists of two separate buildings containing 5 units with 1 bedroom x 1 bathroom in a great central location.

Fully tenanted brick and iron units with leases in place.

All units have good secure leases showing approximately 9.7% gross return.

Enjoy the long-term benefits with units 4 & 5 leased to GROH, currently rented at $350 per week with an increase to $400 per week in early January or February 2023.

Features
- 3 Furnished Units
- 2 Unfurnished Units
- Open plan kitchen with gas cooktop/oven and plenty of storage space
- Spacious living and dining
- 1 Large bedroom with built in robes
- Bathroom with bath/shower and laundry
- Tiled throughout the unit with carpet to the bedroom
- Split system air-conditioning
- Secure fully fenced unit
- Carport

Unit 1 – Land Size: 111m² | Living Area: 56m²
Unit 2 – Land Size: 140m² | Living Area: 56m²
Unit 3 – Land Size: 133m² | Living Area: 55m²
Unit 4 – Land Size: 111m² | Living Area: 54m²
Unit 5 – Land Size: 133m² | Living Area: 55m²

Council Rates - Unit 1, 2, 4, 5 $1,932.17 | Unit 3 $1,944.82
Water Rates - $275.00 Approx.

Please contact Norm Sharp on 0418 935 980 for further detailed information.