Serviced aparment, 30sqm located on the 2nd floor on the Mantra on Murray with a guaranteed rent until 2013.
Currently rented at $1442 per month less strata deductions of $20 per month, giving a net amount of $1422 per month. Excellent rental return of 7.8% plus depreciation benefits.
The lease also has a provision for 4 further terms of five years each.