1-3 Robertsons RoadKalimna West VIC 3909
Property Details for 1-3 Robertsons Rd, Kalimna West
Last Listing description (February 2020)
Here's your opportunity to secure an investment property approved as mixed use residential comprising seven units and a three-bedroom home spread across over an acre of land at the gateway to Lakes Entrance. The home and units are currently leased as residential tenancies and offer a gross return of over 11% with an approximate net return in excess of 9%.
At the rear of the property sits the main home which consists of three bedrooms, two with built-in-robes, bathroom, wood heating, split system reverse cycle air conditioning and veranda. Adjacent to the home is a double carport. This home has been extensively renovated and is currently leased but could be utilised as a manager's residence.There are a further two studio units and five, 2-bedroom units across three buildings.
The units and home have recently undergone significant renovations and improvements, town water is connected and the NBN is available. A vast infrastructure upgrade including the installation of a state-of-the-art electrical system means each unit and the home are independently smart metered, supporting independent living. The system also manages public lighting and controls the heat pump hot water system. The footprint of the current buildings on the site means there may also be scope to add additional accommodation units or homes (subject to council approval).
Lakes Entrance is only five minutes by car, Metung is ten minutes and Bairnsdale only twenty-five minutes. The V-Line Bus Stop is right out the front and the Colquhoun Mountain Bike track and Regional Park is just across the road. Don't miss this opportunity to secure a property with secure, above average returns. Call today for more information.
Property History for 1-3 Robertsons Rd, Kalimna West, VIC 3909
- 04 Oct 2019Listed for Sale $779,000
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About Kalimna West 3909
The size of Kalimna West is approximately 56.6 square kilometres. There are 2 parks, covering nearly 75.4% of the total area. The population of Kalimna West in 2016 was 141 people. By 2021 the population was 161 showing a population growth of 14.2% in the area during that time. The predominant age group in Kalimna West is 60-69 years. Households in Kalimna West are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kalimna West work in a trades occupation.In 2021, 87.10% of the homes in Kalimna West were owner-occupied compared with 70.80% in 2016.
Kalimna West has 106 properties. Over the last 5 years, Houses in Kalimna West have seen a 9.95% increase in median value, while Units have seen a 30.89% increase. As at 30 June 2026:
- The median value for Houses in Kalimna West is $891,762 while the median value for Units is $508,534.
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