2 Moculta Road, ANGASTON
Six Cottages, One Title, Excellent Returns
12
6
5000.0 sqm-
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Description
Situated on a leafy 5000sqm at the high end of Angastons main street, this unique property & collection of six cottage style units showing a combined rental return of $1150 per week (or 7.85%) is a premium pick for the investor in this so-close-to-main-street location.
Surrounded by tall gums & established native garden areas, the appealing two bedroom units are grouped in pairs & offer a real sense of privacy in their shady surrounds. Each little cottage features an open living plan, reverse cycle air conditioning, neutral tones throughout & an independent rear yard. The abundant on-site parking will exceed the needs of both tenants & their guests.
Within walking distance of the kindy, primary school, main street shops & medical services, the absolute convenience & easy living lifestyle achieved in this location will ensure many long term & stable tenancies. Multiple leases will give you income protection & peace-of-mind as a single short term vacancy will mean far less impact on your income stream.
With great street appeal & such a generous & picturesque setting, there is so much scope to add further value to this cottage collection. In the long term future, due to its proximity to Angastons town centre, there may be a demand for this type of property to be converted to self-contained holiday accommodation (stcc) attracting additional & higher returns.