Here’s a rock solid unit block for a rock solid investment. Built in 1984 (estimate) is this block of non-strata titled 6 x 2 bedroom, 1 bathroom townhouses with full brick and concrete construction. They offer potential for a great return as well as equity increase through renovation, strata-titling and increased rents and are exceptionally located for a long term hold. They are situated on over 900m2 of LMR land which can be partially developed to three storeys thanks to the proximity to train. With potential rent of 5.25% gross as is, and a proposed purchase price of $2.25m where we believe they would be worth $2.4m total if they could be sold individually, this is an excellent opportunity for the passive investor. The property is being sold off-market for now, and provides for our only opportunity to buy it at the right price as we have no doubt whatsoever a proper campaign will attract much higher interest.