Positioned literally across the street from the University, this investment is all about premium location and amazing rental return. The property has been rented out by the room for many years and comes as a complete package with furniture and existing tenancies in place.
The property has been returning an impressive $1,150 per week in combined rent, making it the perfect investment property no what the time of year or the condition of the rental market.
Inside you will find 6 spacious bedrooms with sizable kitchen and 2 bathrooms. Most of the rooms are doubles and have plenty of room for desks, beds and storage. The rear granny flat offers 2 further bedrooms plus separate lounge, bathroom and kitchen facilities.
The easy-care yard provides parking for 4-5 cars but for many students, however the proximity to the University and bus routes mean tenants probably won’t even need this. Living this close to the University is a blessing for all students as the cost and availability of parking becomes tighter every year. The easy access means students will always be able to get to and from lectures and exams on time!
This property makes for a terrific rental If you are looking for a place for you kids to stay whilst at Uni. Why not give them some privacy in their own 2 bedroom granny flat and lease the other 6 rooms out to cover all the costs?
If you are looking for cash flow and/or a dynamic boost to your self-managed super fund, make the time to view this amazing home today!
For further enquiries or to arrange an inspection, please contact Dave Lane on 0415 33 22 82.