G.A.R $522,640 (approximately)
Here is a unique opportunity to acquire a high yielding, fully compliant, exceptionally well maintained, 2 storey 45 room full brick building licensed for 64 persons. Comprising 30 single and 15 double rooms (some with ensuites), all are furnished and equipped with kitchenette, TV and fridge. The communal area includes multiple male and female bathrooms, 4 commercial style stainless steel equipped kitchens, commercial laundry and a pleasant North facing courtyard, state of the art CCTV surveillance system and a 10.2kw grid connected solar power system. Land size 834.72m2, building area 820m2 (apporox), This is a proven, recession proof, land tax exempt investment with excellent cash flow in close proximity to shops and transport, competent management in place if required. Your inspection is highly recommended. Highly suitable for DIY super funds. Approx 10% Nett