F1 and F2 - 15 Dorset Street, Richmond, Tasman

What a great return!

Currently divided into two one bedroom flats with two great tenants looking to stay. This represents a great return for a central Richmond location.

The rental assessment is $250 - $300 per week.
Based on $280 PW per flat
Income $29,120 / $550,000 is 5.29% Gross return in a high growth area close to the CBD
You could at a latter date remove the house and build on or two dwellings.

The house is elevated with views over the north-facing surrounding house and captures all day sun from the north and west. You could convert this back into one central Richmond home or simply carry on with collecting income. Perhaps share with family and enjoy the many benefits of living close yet maintaining privacy. The house has been fully rewired, 90% re-piled (where needed) and recently re-roofed.
Yes it does need a bit more TLC but overall this is a gem that an astute buyer will realise the huge potential that is on offer. Most of the property boasts the original wooden ceiling, has feature fire surrounds and heat pumps. Sitting on a 604 square metre section this home has a title free of any covenants or easements. No restrictions of title to encumber your ideas of future proving this prime location. The recent car port is a great addition and the easy care section offers low maintenance or a blank canvas for a landscaping project. Rarely does this option come on the market.
Income location opportunity! Does it get any better this close to the Richmond CBD in this price range?

This is the perfect opportunity for you in a highly sort after area in Richmond, this won't stay around for long so get in touch with Iain today for a private viewing or come along to one of the open homes.

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