Description
The villa at 2/51 Panton St, Derby is within a small complex of 3 single bedroom brick villas, each with separate built strata titles. It is a slightly raised ground floor structure with its own fully fenced front and back yards of 72sqm and 50sqm respectively. This complex, adjoins the rear of the Aboriginal Health Facility and the raised front veranda has expansive views, partly over the tidal flats and community housing, while the rear veranda looks onto treed vacant land (currently on unit 1 title, see image), which is a haven to many birds especially in the mornings. There have been negligible "break-ins" in this area of town and the tenants in the other two units are considerate and cooperative.
The complex was built in 1986 by the State Housing Commission to accommodate seniors. This well-built brick structure with some original stainless steel fittings was extensively renovated over the years and again in the last two months. Each unit provides modest spacious furnished accommodation (separate lounge and bedroom), with verandas in both front and rear as well as a small store room totalling 69sqm/unit. The recent renovations involved a total work over with new tiling in kitchen, laundry, shower and repainting of all walls and ceilings, doors and skirting. The floor plan of unit 2 is a mirror image of that for units 1 & 3 (see image).
The last tenant was there for about seven years and only left so that the unit could be renovated for sale.
The renovated unit is estimated to return a rent of $300- pw.
As I own the complex I am prepared to negotiate the sale of additional units if desired (1/51with the vacant land for $320000- and 3/51 for $195000-. See last four images images )
Annual Shire rates just paid $2473-00 ((1/7/2022 to 30/6/2023) for each unit (includes GRV of $9152-).
Water rates $1488.73 (Unit 2, 1/7/2021 to 30/6/22)
The complex was built in 1986 by the State Housing Commission to accommodate seniors. This well-built brick structure with some original stainless steel fittings was extensively renovated over the years and again in the last two months. Each unit provides modest spacious furnished accommodation (separate lounge and bedroom), with verandas in both front and rear as well as a small store room totalling 69sqm/unit. The recent renovations involved a total work over with new tiling in kitchen, laundry, shower and repainting of all walls and ceilings, doors and skirting. The floor plan of unit 2 is a mirror image of that for units 1 & 3 (see image).
The last tenant was there for about seven years and only left so that the unit could be renovated for sale.
The renovated unit is estimated to return a rent of $300- pw.
As I own the complex I am prepared to negotiate the sale of additional units if desired (1/51with the vacant land for $320000- and 3/51 for $195000-. See last four images images )
Annual Shire rates just paid $2473-00 ((1/7/2022 to 30/6/2023) for each unit (includes GRV of $9152-).
Water rates $1488.73 (Unit 2, 1/7/2021 to 30/6/22)