Currently leased at $500 per week until the 31st of December 2011, this apartment is getting a superb return on investment. It would be an ideal way to start or extend your property portfolio.

In need of freshening up and with a bit of TLC it could be an even better rental propsect with increased returns.

Features include:

* Reverse cycle air-conditioning
* Secure parking and 2 car spaces with internal access
* Large master bedroom
* Stainless steel appliances
* Stone benchtop in the kitchen
* North facing front balcony

There is also an extensive list of “included furniture” as an extra bonus for the lucky buyer.

* Body Corporate Fees $390 per quarter.

* Rates $199 per quarter

* Land Tax $119 per quarter (if applicable)

* Water and Sewerage Rates: $144 per quarter

* EER6.0