Broken Hill 89 Marks Street
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Fully Leased Approx. 12% Return with Subdivision Potential
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89 Marks Street, Broken Hill offers a unique investment opportunity with multiple dwellings on one title. The property includes 3 brick units along with a large 4 bedroom, 2 bathroom house ideal for the astute investor.
Income and current lease details for each tenancy are:
Unit 5 - Leased at $160 per week until November 2021
Unit 4 - Leased at $175 per week until August 2022
Unit 3 - Leased at $185 per week until January 2022
House - Leased at $305 per week until August 2022
DA approved for subdivision until 5 October, 2023 if not accepted upon before. (Please refer to the draft contract of sale and consult with Broken Hill City Council for clarification)
General property descriptions:
Uni 3 - Downstairs unit. Open plan living and dining, bathroom / laundry, separate toilet. Recently updated. Vehicle access.
Unit 4 - Upstairs unit. Open plan living and dining, bathroom / laundry, separate toilet. Recently updated. Vehicle access.
Unit 5 - Upstairs unit. Open plan living and dining, bathroom / laundry, separate toilet. Original but functional condition. Vehicle access.
House - 4 bedroom, 2 bathroom house with kitchen, formal dining room, lounge room, laundry and 2nd living area on the lower level. Original but functional condition. Vehicle access.
Please contact CENTURY 21 McLeods to organise your inspection of the property.
We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
CENTURY 21 McLeods is registered as a COVID Safe business and is following COVID-19 Public Health Orders.
Council Rates: approx. $2,428 per annum
Water Rates: approx. $3,556 per annum
Property Information
- Land area approx 1012sqm
Property Features
- Carports 2
- Car Spaces 3
Local Information Broken Hill
Education
Nearest Government Schools
- Broken Hill Public School
- Broken Hill High School
- Burke Ward Public School
- Morgan Street Public School
- School of the Air
- Broken Hill North Public School
Nearest Private Schools
- Sacred Heart Parish School
Local Amenities
Parks
- O'Neill Park
- Queen Elizabeth Park
- Imperial Lake Reserve
Services
- Broken Hill Post Office