Well maintained investment property or first home at River Heads offered by very eager vendor.
No half sensible offer will be refused! This is a really good stand alone investment.
Currently let at $290 per week with grounds maintenance undertaken by contractor at $80 per month. The market may stand $290 plus tenant takes care of property.
Rates only $2076 per annum so nett yield at asking price of $235000 and rent of $290 per week ($265 nett of managing agent’s fees) would be 5.5% or 5.0% after managing agent fees. Note gross yield is often used and if comparing apples this property would be yielding 6.4% pa.
From where I look it might be bought for a little less than $235000 making the investment yield even more attractive.
Oh yes the home itself is a well kept 2 bedroom elevated cottage . The current tenant looks after it very well, is always ahead with rent and the lease expires in August when they leave.
It sits upon a 697 square metre section and sports lovely timber flooring. The keen eyed investor will note the potential for economically adding living space or another bedroom/rumpus below the current floor beside the car park.
Contact Agent Freddie on 0417 002 089 or info@boatharbourresort.com.au for further information or to discuss