Paddington property that earns $110k a year hits the market

first_imgMore from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours agoThe kitchen and study in one of the units.One of the units is one bedroom with a study, and the other has two bedrooms and a shared bathroom.Belle Property Paddington agent Elizabeth Wright said the key points to a good investment was low vacancy, a mix of tenancies, rent that reflected market value and a location that attracts good commercial and residential tenants.“The property at 102 Latrobe Tce offers all of that,” Ms Wright said.“The location supports and gives confidence to business owners investing in new and existing businesses, while two beautifully presented residential units, each with their own outdoor area, continually attract high quality tenants.” The property at 102 Latrobe Tce, Paddington, is for sale.A Paddington property with four separate streams of rental investment income has hit the market.Currently home to restaurant Hai-Hai Ramen, this property also has two residential units and a storage area. The floorplan for 102 Latrobe Tce, Paddington.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:51Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:51 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p432p432p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenStarting your hunt for a dream home00:51center_img Part of the restaurant.A savvy investor could snap up the 102 Latrobe Tce property for a cool $1,575,000 and see the purchase pay for itself, with $109,980 gross income per annum.The restaurant is currently rented at $61,000 per year, flat one at $20,800, flat two at $21,580, and the storage area at $6600.last_img read more