Brief outline of the complex on offer:- * 18 x 2 bedroom brick veneer villas * Each with lock up garage * Tiled living areas * Internal laundries * Evaporative air-conditioning * Current rents of $120.00 per week * Potential to increase rents to $135.00 a week * Two of the units are presently being repainted *TOTAL SITE AREA OF 9,928 SQ. METERS -yes that's right. * Council has indicated that they can be strata titled and my vendor may do that if we don't sell in one line. * That's a little over $58,000 each * You couldn't build them for that..... ACT QUICKLY.

• Land rates = $2,982.67 P.A.
• Water rates = $3,066.02 P.A.
• All villas are metered separately (both water and electricity).
• Brick dividing walls to roof with each villa.
• About a 20 minute walk (2 minute drive) to the center of town.
• At present they have 50% vacant as they had tenants vacate to improve the villas and will then re let without a problem at a greater figure then the $120.00 a week that was being paid.
• Each villa would sell on its own for $85,000 to $90,000.00 if strata titled.
• Vendor feels it would cost less then $2,000.00 a villa to strata, and that's allowing for any minor works needed within each dwelling.