Investors, take note – opportunities like this seldom come to market. Situated at 1,2,3,4/29 Sorell Street, George Town, this well-maintained block of four units presents an investment that is truly “better than money in the bank”.
Comprising a total of eight bedrooms and four bathrooms, each unit offers two generous bedrooms alongside an open plan living area, awash with natural light throughout the day. Modern comforts abound, with updated kitchens and bathrooms in Units 1, 2, and 4, and a brand new kitchen underway in Unit 3 (bathroom complete).
Each unit also boasts a versatile patio / utility area,opening out to a private courtyard garden – a green oasis where tenants can relax in their own space.
Tenant satisfaction is high, as reflected in the long-term rental history and excellent occupancy rates. Six undercover parking spaces ensure convenience, plus additional off-street parking for visitors. The property sits on a substantial 727m² parcel of land, just a leisurely three to four minute stroll from George Town’s vibrant centre – so shops, cafes, and all amenities are right on the doorstep.
Currently returning an impressive 8% gross yield with secure leases in place, this is a turnkey investment for those seeking solid returns in a rapidly growing area.
For further information or to arrange a confidential discussion, please contact us today. Don’t miss this opportunity to grow your portfolio with a blue-chip asset.
Features
- Air Conditioning
- Reverse Cycle Air Conditioning
- Fully Fenced
- Outdoor Entertainment Area
- Secure Parking
- Broadband Internet Available
