Mornington

20 Lucerne Avenue

2
1
1
1691m2
Sold on 16th November 2023

Great Passive Income Now, Re-Develop Later

SIX INDIVIDUALLY TITLED UNITS

This established 6 unit strata title complex is the perfect investment vehicle, with steady income for you or your SMSF now, and with excellent re-development potential (STCA) into the future to take advantage of a sought after beachside location and 1691sqm (approx.) of space.

The existing leases for each 2 bedroom unit pay a total of $125,000 per annum (approx.) and have been recently reviewed to market rates and are a mixture of fixed and periodic tenancies. A generous common property driveway provides vehicular access to each single carport and allows for garden privacy between each unit and additional parking.

An enterprising new owner may also decide to renovate each unit and then sell them separately at a time of their choosing. Nearby public transport, medical and shopping facilities are all attractive to current and future tenants.

Please contact the listing agents for more detail on the individual leases and further information on the preferred sale terms.

Available Documents
Brochure PDF
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Floor Plans PDF
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Statement of Information PDF
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Contact Agent

Chris Dods

Chris Dods

Senior Property Consultant | Licensed Estate Agent

Cameron McDonald

Cameron McDonald

Director | Licensed Estate Agent

Available Documents
Brochure PDF
View
Floor Plans PDF
View
Statement of Information PDF
View

Mornington suburb profile

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Suburb Profile

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