5.4% Gross Return - Superb Investment - Just Minutes From The Sea

How does earning in excess of $75,140 pa gross ($1,445 p/w) sound on an investment of just over $1,395,000.

This property has four units on the one title: All rented permanently with plenty of room for rental growth. Almost all of the hard work has been done, with all four units having recently had a total refurbishment including new kitchens and bathrooms - now it's time to sit back and reap the rewards. Have a look at the figures - it would be hard to find better investment.

Why not take advantage of the capital growth in the area, great depreciation to be had in your next tax return with the recent refurbishment and with location on its side - never be short of a tenant

1 x Three Bedroom Townhouse, 2 Bathroom with a Huge 6 x 6 metre covered Patio
Unit 1: Currently earning $400 p/w. Could be earning $440 p/w.

3 x Two bedroom units:
Unit 2: Currently renting for $340 p/w. Could be earning $360 p/w.
Unit 3: Currently earning $345 p/w. Could earn over $365 p/w.
Unit 4: With a Huge 6 x 6 metre covered Patio. Currently earning $360 p/w. Could earn over $380 p/w.

Rates: $3,749.88 pa
Water: $5,214.08 pa
Insurance: $2,023 pa

INTERESTED ? . . . Call Bruce on 0488 571 112, to discuss the details further.

All information contained herein is gathered from sources we consider to be reliable. However we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries

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Property Details

  • Deck
  • Dishwasher