Block of Units for Sale
Invest in a Sought-After Pocket of Alderley - Current Rental Returns at $2245 / Week Fully Let!
Property ID 1968683Investors, small scale developers, and self-managed super funds are encouraged to inspect the Terraces on Musgrave complex in a desirable pocket of near city Alderley. The complex contains five townhouses over 1012m2, all one title, and will be sold in one line. Whether you are an investor or looking to land bank for the future, this complex of contemporary townhouses are worthy of your inspection.
The owners are committed to selling and this property will be sold. For an unbeatable investment opportunity, ensure you inspect this weekend or contact George or Max Hadgelias for further information!
* A well-maintained complex in a desirable and convenient pocket of Alderley;
* All townhouses are tenanted, with current rental returns at $2245 / week;
* Each townhouse includes three bedrooms, two bathrooms, and garaging;
* Opportunity to have the property converted to strata titles in the future.
Units 1, 2, and 3 share the same single-storey layout, with the living and dining on the same level as the bedrooms - ideal for young families who need to supervise younger family members. Units 4 and 5 are split over two levels, to provide privacy and separation for professional couples or older families.
The five townhouses offer generously proportioned combined living and dining areas, including glossy tiled floors and air-conditioning for your comfort. The modern kitchen overlooks the living space with stone benchtops, breakfast bar, and suite of stainless steel appliances to ensure easy catering for family and friends. The living area opens directly onto a large balcony with leafy local views, perfect for entertaining. In every townhome, the three bedrooms are queen-sized, each with built-in storage and carpet. The master bedroom boasts an ensuite, while the other bedrooms are serviced by a large main bathroom.
If, down the track, you would like to sell one or more of the townhouses, the current owners have prepared pricing to have the townhomes strata titled and create a body corporate. The perfect fusion of convenience and lifestyle is on offer at 20 Musgrave Terrace, ensuring strong tenant demand. Alderley has been revitalised with a recently redeveloped shopping precinct and updated railway station. The Banks Street reserve is a short walk away, giving you access to hectares of natural bushland while remaining a stone's throw from the city centre. You can look forward to combining quiet suburban living, with an inner-city lifestyle.