57/113 Owtram Road,
22 Modern Villas all Fully Leased in the Foothills.
Once in a lifetime opportunity here to secure 22 superb villas in the best pocket of the Armadale foothills!
Built in 2015 by the current owners ,the villas are larger than the majority of the competition in the area and offer a mix of 2 and 3 bedroom villas boasting high quality fixtures and fittings with large living areas, generous block sizes and in a super central location minutes from both Armadale and Kelmscott CBD and super close to Armadale Hospital.
All 22 of the villas are leased and managed by O'Neil Real Estate and have always been hugely sought after by tenants with properties leased between $260 - $290/week ( Income and Expenditure Statements available for every unit)
A super versatile investment opportunity with each villa individually strata titled enabling them to be sold individually should the need arise. The units collectively rent for approx $312,000/year
The breakdown of the villas is below
• 17 Three Bedrooms One Bathroom ( 2 toilets ) with two living areas
• 5 Two Bedrooms Two Bathroom ( 2 toilets ) with one large living area.
Massive group discount has been applied (average $195,000 ) to the villas and expecting substantial interest.
Be quick to register your interest and request an Information Memorandum.
Con Mathews on 0402 235 535
- Land is 25,642m2