58 Riverine Street, Bairnsdale VIC 3875

Property Details: • Type: Block of Units

• Bedrooms: 6 • Bathrooms: 6

Description: Here's your opportunity to invest in a solid brick unit complex in Bairnsdale, East Gippsland. Located on the Mitchell River, at the edge of the Bairnsdale CBD, the unit complex sits on over half an acre of land (2157 m2) and offers an easy stroll to shops, cafés, hotels and the major supermarkets of Coles, Woolworths and Aldi. There is a total of six units, each with a light and bright lounge area, functional kitchen, balcony, single bedroom with built in robes, bathroom and views down to the river. An additional two storage rooms sit to the eastern side of the complex whilst all day parking is available on Riverine Street. Rear vehicle access to the property is available from Mitchell Port Road providing off-street parking and access to water and power. The Mitchell River Walking Track runs along both sides of the river and links up with the East Gippsland Rail Trail. All units are professionally managed by Coast to Country Real Estate. With a gross rental income of circa $96,000 available, this property offers the savvy investor an excellent source of passive income. With plenty of scope for modernisation and improvement, the property also offers genuine potential for rental and capital growth. Please view our Virtual Tour online and contact Richard Ivey on 0401 113 310 for more information.