Rare Investment Opportunity in Griffiths Bustling CBD!

61 Canal St, Griffith NSW 2680, Australia, 61 Canal Street
House with flats • 17 room(s) • 17 bed. • 9 bath. • ref: ZZHZ5
PRICE ON APPLICATION
INVESTORS TAKE NOTE! Discover this rare investment opportunity in the heart of Griffith's thriving CBD! Don't miss your chance at this complex of 9 units comprising of 6 x 2 bedrooms, 2 x 1 bedrooms and a double storey 3 bedroom unit, totalling 17 bedrooms, 9 bathrooms, 6 garages and multiple off street car spaces. Griffith's Gross Regional Product (GRP) is estimated at $2.13 billion, which represents 0.32% of the state's GSP with a catchment area population of over 60,000 the region continues to move ahead in leaps and bounds. Instant income of approx $159,120 per annum Prime location in heart of Griffith's CBD in walk everywhere location Freehold property consisting of 9 Units 17 Bedrooms all with built in wardrobes 9 Bathrooms 6 Large Lock up Garages and plenty of off street parking Double Brick Construction, ensuring durability and lower maintenance Vacancy Rate of 0% since early 2020, highly sought after accommodation Enormous Growth Potential by benefiting from Griffith's continuous development and expansion Whether you're an astute investor or seeking a lucrative addition to your portfolio, this property offers an impressive gross rent return providing high nett yield! There is also massive potential for future boarding house site or strata title subdivision (STCA). With its unbeatable location and impressive rental return, this property presents a rare opportunity for investors. Don't miss out on the chance to secure a lucrative investment in Griffith's rapidly growing market. Act now and capitalize on this hot prospect!

Spaces

Rooms17
Bedrooms17
Bathrooms9
Carports6
Garages (outside)6

Surfaces

Land1170 m²
Amenities extracted by AI.
Garage

61 Canal Street, Griffith City Council