1-4/6 Charles Street, Wodonga

WODONGA - Block Of Units Investment Opportunity

This block of units in Wodonga presents an excellent investment opportunity, particularly given its prime location and solid rental returns.
Here are some key highlights:

Property Overview:
* Location: Central Wodonga, less than 1km from Junction Place development and Wodonga Plaza shopping precinct.
* Lot Size: 837m² (approx).
* Units:
1 x 3 bedroom unit with gas cooking.
3 x 1 bedroom units with electric cooking.
* Construction: Brick, solidly built.
* Current Rental Return: Approximately 6.5% gross on the marketing price, currently returning $960 per week and increasing to $1,040 per week in October 2024.
Features:
* Heating and Cooling: All units have split system heating and cooling.
* Parking: Allocated carports for all units with 2 separate driveways, and ample on-street parking.
Investment Benefits:
* Location: Proximity to key amenities in a major regional centre.
* Meters: All units have individual electricity meters and only 1 water meter paid by the Landlord.
* Tenancy: Long-term tenants providing stable rental income.
* Growth Potential: Wodonga is a rapidly growing regional hub, making this a promising future investment.
* Council Rates: $3,802.00 per annum, water approx $517.13 per quarter. Building insurance paid in 2023 was $2,159.40. Total outgoings are $8,030.42 (approx)

* Please note the photos shown are of the front unit 1 which is a 1 bedroom unit and the rear Unit 4 which has 3 bedrooms.