House Area: 40 m²
Year Built: 1990's
Estate: Stratum in Freehold Lot: UNIT 10C DP: 86105 CT: WN53D/507 WN53D/432 (Supplementary Record Sheet)
LOW COST PROPERTY INVESTMENT
Here is a hassle free, low maintenance investment with an outstanding nett rate of return - 7.0% (conservative estimate).
•Currently under rented at $320 / week
•Rental appraisals say it should be min $360 / week
•Property Guru Market Rent Report has average and median rents ranging from $360 - $378 / week
•$350 / week is a gross income of $18,200
•7.0% nett r.o.r. equals a $187,002.29 purchase price
•Therefore real potential for immediate upside
•Body Corp fees $4,188.07 / yr
•WCC rates $921.77 / yr
40 sqm floor area. 1 bedroom, 1 bathroom, Open plan kitchen and living. West facing aspect.
Very rentable. High demand rental location (The Terrace). Victoria University in close proximity. Very central Mid-City location. Apartment has enduring appeal. Compact and highly functional floor plan. Simple out-goings. Well managed building. Excellent Body corp secretary.
Call now to find out more.
John Kettle - Apartment Specialist
MB: +64 27 443 1355