1 Walnut CourtMildura VIC 3500
Property Details for 1 Walnut Ct, Mildura
1 Walnut Ct, Mildura is a 6 bedroom, 4 bathroom Unit with 6 parking spaces and was built in 2021. The property has a land size of 698m2 and floor size of 132m2. While the property is not currently for sale or for rent, it was last sold in June 2000.
Last Listing description (November 2024)
246 Walnut Avenue consists of 2 x 1-bedroom and 2 x 2-bedroom units, all spacious and filled with natural light and onsite parking for 6 cars.. The property is centrally located with uninterrupted views of Syd Mills Park and close proximity to the bustling city. Both the building and the apartments are in fantastic condition, ensuring a seamless transition for the new owner.
Healthy Income, Growth Potential and Lifestyle:
The complex has shown an average gross income of $165,080 per year over the past 3 years. This solid performance makes it ideal for a local investor to drive the business to greater heights or, like the current owner, operate it remotely part-time with outstanding returns. With plenty of room for growth, this rare opportunity is perfect for someone looking to invest in a thriving business and secure a marvellous property freehold.
Current website, website listing, and training can be provided should the buyer or company require making it a turnkey operation.
This opportunity is perfect for anyone ready to say goodbye to the traditional 9-5 workday and run their own business.
Prime Location and Condition:
Centrally situated with uninterrupted views of Syd Mills Park and close proximity to the vibrant city centre, this complex is not only strategically positioned but also impeccably maintained. Both the building and the apartments are in fantastic condition with low maintenance ensuring a seamless transition for the new owner into a thriving investment.
Financial Performance and Potential:
Over the past 3 years, the complex has demonstrated an average gross income of $165,080 annually. This financial stability, combined with significant opportunities for growth, makes it an ideal venture for local investors seeking to enhance returns or manage the property remotely for passive income.
Comprehensive Sale Package:
Sold as a going concern, the sale includes all plant and equipment necessary for operations. Optional training, website, and current listings can be provided to facilitate a turnkey transition, allowing the new owner to capitalise on existing success and expand further.
Ideal for Lifestyle and Investment:
Perfect for those ready to embrace a lifestyle change, this opportunity liberates from the traditional 9-5 routine, offering autonomy and potential for substantial financial rewards. Private inspections are available, with comprehensive information memorandum and Vendor Statement accessible upon request.
Act Now
Don't miss out on this rare chance to invest in a thriving business and secure a remarkable property freehold. Contact us today to arrange a private appointment and take the first step towards a prosperous investment and lifestyle transformation.
Property History for 1 Walnut Ct, Mildura, VIC 3500
- 11 Jul 2024Listed for Sale $1,100,000 - $1,200,000
- 03 Nov 2021Listed for Sale contact agent
- 22 Jan 2021Listed for Sale $442,999
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About Mildura 3500
The size of Mildura is approximately 77.8 square kilometres. It has 54 parks covering nearly 4.2% of total area. The population of Mildura in 2011 was 30,647 people. By 2016 the population was 32,739 showing a population growth of 6.8% in the area during that time. The predominant age group in Mildura is 20-29 years. Households in Mildura are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Mildura work in a professional occupation. In 2011, 59.6% of the homes in Mildura were owner-occupied compared with 58.1% in 2016.
Mildura has 20,107 properties. Over the last 5 years, Houses in Mildura have seen a 58.09% increase in median value, while Units have seen a 46.82% increase. As at 31 October 2024:
- The median value for Houses in Mildura is $467,073 while the median value for Units is $284,993.
- Houses have a median rent of $460 while Units have a median rent of $350.
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