Located in a well maintained gated complex with on site management and high rental demand this investment opportunity should not be missed.
– Current lease to July 2014 at $365 per week rent (long term tenants)
– Body corporate levies $50 per week
– Council rates/water $45 per week
– Price $272,000
– Gross yield 6.98%
– Living/dining area downstairs
– Kitchen with large pantry
– 3 spacious bedrooms with built in wardrobes
– Large bathroom with separate bath & shower
– Separate toilets upstairs & downstairs
– Single lock up garage
– Paved rear courtyard
– Residents swimming pool on site
– Walk to shops, public transport & schools
– Complex recently painted
– $87,000 in Sinking Fund for 44 units
This property is situated in a quality residential complex and represents a solid investment for the buyer who is looking for good ongoing returns plus capital growth.
* Please note all gross yields and return details are approximate and are based on the asking price only (not the sale price), the gross return also does not include any tax credits or deductions the purchaser may be entitled to, and is based on information provided by a number of sources. This information is provided as a guide only and is based on figures provided to Viking Strata and whilst this has been prepared in good faith and with due care, no liability for negligence is otherwise assumed by Viking Strata, its principal’s, agents or servants. Please conduct your own investigations into the subject property to satisfy yourself with the matters concerning the property.
