Property Details: • Type: Block of Units
• Bedrooms: 34 • Bathrooms: 12
Description: Griffith Real Estate is proud to offer for sale for the first time 54 Couch Road, Griffith. An exceptionally rare investment opportunity and offered as one, this outstanding complex comprises 12 quality units - 10 spacious three-bedroom residences and 2 well-designed two-bedroom units. Built in 2000, each unit features its own private courtyard, lock-up garage, and additional parking within the complex - delivering strong tenant appeal with minimal vacancy rates and long-term stability. Currently returning over $200,000 per annum in gross income, with clear potential for future growth, this is a high-performing asset in a tightly held market. Opportunities of this scale and calibre are seldom offered and unlikely to be replicated anytime soon. Secure your foothold with this premium income-producing investment. Key Points: • Gross Income of Approx $220,000 per annum with opportunity to grow income. • Separately metered for power • Water not separately metered - Each unit has its own isolation valve • Termite reticulation system • Additional visitor parking onsite • Subject to Council Approval opportunity to Strata (We advise purchasers to make own enquires) • Expenses as of 2024/2025 Financial Year: - GCC Rates - $9359.44 - Insurance - $10,380 - GCC Water - $16,769 (Fixed charges & consumption) All information provided has been supplied by the vendor and is believed to be accurate. However, interested parties should make their own independent enquiries and rely on their own investigations
