House for Sale
- About this property
A Leasehold Opportunity for $220,000Property ID OPA23393Buy the house and down the track you may have the option to purchase the land (subject to conditions). 16 Bidwell Place offers an opportunity to any investor or home owner who sees value in the long term potential. Consider moving into one part of the house and have the tenant cover the lease for you or continue to rent out both properties and collect a yearly rent offering good returns.
The house is split into a one bedroom self-contained flat with single attached garage and its very own courtyard, all fully fenced and private. The rest of the home offers 3 bedrooms, an open plan living area, family bathroom, separate laundry and very large backyard, courtyard and plenty of off street parking.
Currently the front tenant pays $230 per week and the rent on the rear flat is $430 per week. The lease of $17200 per year has just been renewed until 2037. You also have the opportunity to look at the option of freeholding the land with an active group working through the process at present. Please note you are only buying the house and not the land.
Our owners have moved out of town and require an urgent sale on this property!. So many options but our owner has only one and that is to sell quickly. Priced to sell@ $220,000
OtherBuilt-In Wardrobes, Close to Shops, Close to Transport, Garden, Secure Parking, Terrace/Balcony