Overseas owner is seriously selling this hassle free investment opportunity. With strong gross revenue of $22,000 per annum and a 2% rental income increase every year, this fixed term lease is long term with the secure tenant being Quest Hotel.
- No surprise expenses along the way. Just buy and hold and beat the banks term deposits
- Within walking distance of everything that tenants love about inner-city living
- Option to buy car park if you wish to capitalise on the easy access to motorway
- Body Corporate levies $5,508.61 per annum (including insurance) and rates $3,866.94 per annum
- Buyer Enquiry Over $219,000
This affordable downtown apartment offers so much for the money, from two double- bedrooms and a sunny aspect to the convenience and ease of having it managed. If you're looking for a hands-off investment in a well-run and reputable complex, you won't buy better at this price. Call me now to view.
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Bedrooms: 2 Bedrooms
Bathrooms: 1 Bathroom
Family Room: 1