You cannot lose on an investment property like this. This is one of the best buys around with amazing rental returns and you can expect a ROI of approx 7.4%.

The property is currently returning $475 per week. Please see below for income and expenditure;

Income Annually $24,700 Expenses Annually – Body Corp $3780.40
Council Rates $1396.00
Water Rates $1300.00
Mgmt Fee $ 1990.56

Total $24,700 Total $ 8466.56

ROI = Income – Expenses divide by cost of investment = 7.4%

- Spacious three bedrooms/three bathrooms – all ensuited bedrooms
- Fully furnished unit on middle floor of walk up – approx 10 year old complex
- Large kitchen – s/steel appliances, air conditioned / ceiling fans (new oven and cook top)
- Currently returning $475 per week rental returns. Lease exp 31.12.14
- Body corp $72.70 per week. Fantastic on-site managers
- Excellent investment property with high returns….Do NOT miss out!!
- Fantastic location; walk to shops, transport, parks, Uni and the new hospital

For further information or to arrange an inspection, please call Michael Elliss on 0402 858 174.