Sold

Reduced for quick sale - Tenanted Investment Opportunity

Backing onto National Park in peaceful Picnic Bay, this location is ideal, with the walkway to Nelly Bay at the end of the road. It's also an easy walk to beautiful Rocky Bay and Picnic Bay beachfront with its pub, restaurants, year-round swimming and jetty. 

The 3 units are all tenanted as follows:

Unit 1 (1 Bedroom - front, upstairs) $250 per week to April 2025

Unit 2 (2 bedroom, middle) $300 per week to April 2025

Unit 3 ( 2 bedroom, rear) $300 per week to March 2025

Council rates approx $8,700 p.a including 3 x mains sewer charges and 3 x standard water plan which includes 772KL water per unit p.a. 

The owner has commissioned an independent building report which we would encourage all buyers to please read prior to arranging inspections so as not to unduly disturb tenants. Please send an enquiry to receive the report via email. The property is old and was built to last but would benefit from some fairly substantial renovations.

There are three undercover carports at the front of the property above which is unit 1 with stair access on both sides of the building. The small balcony at the front door enjoys a lovely view up to Hawkings Point. The living/dining/kitchen has a split system air con but is otherwise in need of an update, however, the current tenant has been happily living there for years and finds it perfectly comfortable! The bedroom is a good size and has a nice elevated view out over Picnic Bay through the louvre windows, with a box air con, ceiling fan and built-in-robe. The bathroom/laundry is in original condition and opens to the back steps and garden. 

The middle unit 2 is a light and airy two bedroom unit with a pleasant courtyard garden on one side, also looking up to Hawkings Point, with rear access also from the kitchen/laundry. The living area has a modern split system air con and there's a box air con to one of the bedrooms, which both have big windows and built-in-wardrobes. The bathroom and separate toilet enjoy natural light from skylights, as with unit 3 also, with a shower over bathtub.

The rear unit feels tucked away in the National Park surrounding it and is similar in features to unit 2, also two bedroom, one bathroom. 

Please contact Alex for further information or to arrange inspections. 

This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.

5 3 3 607 m2
Address 11 Butler St, Picnic Bay
Price SOLD for $520,000
Property Type Residential
Property ID 1490
Category Block Of Units
Land Area 607 m2

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Alex Strens

0429 079 429
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