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House for Sale

5 Bentinck St

Ballina Open to Offers!

“Australiana” 4 Unit Complex With Solid Returns - A Great Investment!

8 Beds 4 Baths 4 Cars

This is a rare opportunity to secure a great investment in Ballina. The property features 4 x 2 bedroom units in an excellent location. The current owners have renovated and maintained the units and they present in good condition.

There are two units upstairs and two units downstairs with spacious open plan living and kitchen areas. Some units have polished timber floors and all have updated kitchens and bathrooms.

The location is perfect and is only a short stroll to the river, which is just one block away.   It is an easy walk or bike ride to Ballina shops and there is ease of access to schools, cafes and local supermarkets.  A five minute drive from the property is beautiful Shaws Bay, Shelley Beach and Main Beach, Ballina.

This property was not affected by the recent flooding.  There are good tenants in place on fixed leases and this property has never been hard to rent. The current owners have held this great investment for some time however, are genuine about selling to fund their retirement.

This property will appeal to investors looking for a better return than they currently receive from their banks or superannuation fund.  Bricks and mortar and this prime location offers a solid holding for any astute investor.

Current rental return for the units is approximately $100,000 per annum.  The owners are flexible with the settlement timeframe.

Current strata fees are approximately $400 per quarter.

Ballina Council rates are approximately $7,650 per year.

Only pre-approved, qualified buyers should enquire.

Email your enquiry to sales agent Tina Pierce at sales@msrealestate.com.au or call on 0478 098 470.

 

* This property is being sold without a price and therefore a price guide cannot be provided. The website may have filtered the property into a price bracket for functionality purposes. *

Address 5 Bentinck St, Ballina
Price Open to Offers!
Property Type Residential
Property ID 1887
Category House

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