BLUE CHIP INVESTMENT! 3 SELF CONTAINED FLATS

Elevated position in Oxley, just a few metres from the new Oxley Shopping Centre, restaurants, schools, parklands and trains is this cavity brick dwelling converted into three registered flats – the perfect opportunity to jump into the investment market!

Flat 1 comprises three spacious bedrooms, modern bathroom, modern kitchen, large air-conditioned lounge/dining opening out to patio leased til 26 November 2012.

Flat 2 comprises a one bedroom, one bathroom flat with modern kitchen leased til 14 March 2013.

Flat 3 comprises a one bedroom, one bathroom flat with modern kitchen leased til 18 February 2013.

Generated Income:
Flat 1 – $310 per week $16,120 per annum
Flat 2 – $230 per week $11,960 per annum
Flat 3 – $230 per week $11,960 per annum

Total income per annum = $40,040

The property is self managed. Current outgoings are;

Rates: $2,852.40 per annum
Water: $2,072.20 per annum
Building Insurance: $510.44 per annum
Lawn Maintenance: $30/fortnight summer months – $30/month winter months. Approx $600 per annum

Total outgoings per annum = $6,035

The property has never had a vacancy since the owner purchased it in January 2005. This high growth area offers a fantastic choice for investors. Perfect for the Super Fund or alternatively, it presents an opportunity for first time buyers to secure a home by living in the top three bedroom flat and still provide an income from the two one bedroom flats downstairs, to help with the mortgage.

A secure investment opportunity for your portfolio!