1-49 Raglan Parade

Warrnambool VIC 3280

A rare opportunity exists for a buyer to purchase this unique allotment that boasts a residential block of six two-bedroom apartments! Each apartment is securely tenanted and generates a brilliant collective return of $73,840 per annum or $1,420 per week - this is the complete investment package! Two units reside at the front of the block which faces Raglan Parade and are slightly larger in size than the four others; they offer open plan living with two robed bedrooms and a generously proportioned kitchen and lounge area. Four additional units face Denneys Street and all have similar floor plans plus an allocation of a carport. The property is within easy access to transport routes and is a short walk to the CBD and all its amenities, plus just a quick trip to Lake Pertobe, beaches and the foreshore. Warrnambool is Victoria's largest coastal city outside of Port Phillip Bay and is the fastest-growing economy and population centre in the Great South Coast as well as a major destination for people travelling along tourist routes, including the Great Ocean Road, and over 700,000 tourists visit the city each year to relax in the beach environment and surrounding recreational precincts. These apartments are presented in good condition and are all currently leased, while rentals in Warrnambool are in high demand and vacancy rates are very low, making it a secure place to invest in your future!