116 Lachlan Street Macquarie, ACT 2614

Situated on an elevated block in Macquarie's RZ2 zone, this 4 bedroom ensuite home plus separate one bedroom flat offers a myriad of options and opportunities for savvy investors. The property has an outstanding history of solid returns and low vacancies, but it would now benefit from refurbishment to really bring the home back to it's former glory. For builders and home renovators this provides a wonderful opportunity to roll up your sleeves and add quick value to your investment.

PLEASE NOTE THIS PROPERTY WILL BE GOING TO AUCTION ON SITE SATURDAY, 8 APRIL at 12PM

Features include:

4 bedroom ensuite home plus separate one bedroom flat under
Upstairs includes spacious bedrooms, two separate living areas and updated kitchen
Both bathrooms in original condition and need renovation
Would benefit from new paint, curtains and carpets to really add value

Downstairs flat includes separate bedroom & living area plus kitchen, bathroom and laundry in mostly original condition
Combined rental potential of $800+ per week once work is completed
773sqm in RZ2 zone

Macquarie is now one of Belconnen's most popular suburbs due to it's superb location close to all major facilities. A short walk to local shops, public transport, Macquarie Primary School and the Belconnen Markets, or jump in the car and it's only minutes to Jamison Plaza, ANU and Lake Ginnindera.

Home Size: 156sqm approx.
Unit Size: 56sqm approx.
Block Size: 773sqm
UCV: $400,000
Rates: $2,446 p.a
Age: 47 years approx