Intelligent investment

1-4, 262 Stanmore Road, Richmond

By Negotiation

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Intelligent investment | 1-4, 262 Stanmore Road, Richmond | 559553 |      X Close

Intelligent investment

For Sale - Price by Negotiation

Located within walking distance of town and currently tenanted at $1,295 per week, this tidy block of apartments would make a great addition to any investment portfolio.

There are four apartment style units within the complex, each unit features two bedrooms, modernised kitchens and bathrooms, open-plan kitchen / living area with modern decor, heat-pump and heat transfer system installed in each unit.

Each unit has its own fully-fenced courtyard which are private and peaceful areas; the central carport gives good off street parking for all units and the electric gate makes the complex securer. The section 683sqm and is zoned residential medium density, giving you good underlying value in the freehold land as well as titles for each individual apartment.


- Four x two bedroom units

- Fully tenanted fixed term leases

- Individually titled

- Rental income of $1, 295 per week

- Medium density land zone

The location is excellent, 500m from the edge of the redeveloping inner city and plenty of convenient amenities within easy reach for tenants.

Currently tenanted and presented to the market by vendors who are determined to achieve a result, this superbly positioned property represents a wonderful opportunity to establish a presence in a popular area that always attracts tenants. Prospective purchasers are advised to quickly - contact us today for further details.

Please contact Angela Webb or Kate Mullins for more information or to arrange a viewing.

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1-4, 262 Stanmore Road, Richmond

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