5 & 5A Rathmines Place, Coodanup WA 6210

Fantastic opportunity for the astute investor as these 2 Homes have already been strata titled and achieve 2 separate income streams with the front Home being a 3bed 2 bath on a fixed lease and the rear on a periodic lease totalling $670 per week. Or live in one and keep the other with a sound investment return.

The Break Down of the separate properties are as follows:

5 Rathmines (Front Home - Lot 1)
• 3 Bedroom 2 Bathroom on a total of 388 SQM
• Fixed lease @ $370 Per Week until 16/02/2025
• Great Tenants
• Single lock-up garage
• Council Rates - $1,800 p.a.
• Water Rates - $1,096 p.a.
• No Strata Levies

5A Rathmines (Rear Home - Lot 2)
• 1 Bedroom with large living area (Former Granny Flat)
• Powered Double Workshop/Parking
• Periodic Lease @ $300 Per Week
• Total Land Area 501 SQM
• Council Rates - $1,800
• Water Rates - $920 p.a.
• No Strata Levies

This Investment is a no brainer as the Seller has done all the hard work by creating a Strata Title in 2011 on a property that was built in 1995. It was an original home with a Granny flat yet by separating with fences and issuing strata the Owner has added huge $$$$$$. There are separate water meters to both properties, however the Electricity and Gas were never separated. If this was completed, you could also then retain one property and sell the other.
Hurry to secure this sound investment at end of quiet cul-de-sac.

Viewings by appointment however be patient as we need to always organize dual tenancies for the same times.