7 Nambour Place, Montrose TAS 7010

Property Details: • Type: Block of Units

• Bedrooms: 4 • Bathrooms: 4

Description: An opportunity is available to acquire four quality units together, each with a sizable land area and individual title. Units 1-4 are positioned at the end of the cul-de-sac providing easy access to the expansive site and the two main buildings which contain the four residences. The solid brick buildings, 104m2 each in size, offer two conjoined one-bed one-bath units per structure with mirrored floorplans, 49m2 each in size. Respective units are configured as an open living room with suitable kitchen, combined bathroom and laundry, plus one spacious bedroom. The residential land area allocated for each title is generous, with sizes offered; Unit 1 (338m2), Unit 2 (200m2), Unit 3 (239m2), Unit 4 (376m2) plus the Common Area (51m2) positioned at the front of the holding. The site offers off-street parking for all units however, the central dual carport joining the two buildings benefits the titles of Unit 2 and Unit 3 only. The small sheds and rear fencing belong to the tenants and are not fixed. The four one-bedroom units are currently fully occupied and have been providing a steady income for many years however, two units will become vacant in the short-term which may suit reletting or individual sale. This opportunity delivers a rare four title holding with steady income, growth potential, relet and resale options, and or further development (STCA). So don't miss your chance to acquire this premium investment. Key attributes: Four one-bed one-bath units Four individual land titles Steady income with growth potential Options to maximise return and profit Large overall level landholding yet maximised Close to schools, amenities and services Zone, 8.0 General Residential Please note: The EOI campaign closes 14 May at 3pm unless an offer is accepted prior. An information memorandum detailing the acquisition is available. Some images have been digitally edited for tenant privacy and unit 3 is not shown.