Income of $33,800 (plus GST) on a purchase price of $449,000.
A possibly neutral geared investment with tremendous potential for capital gain (as well as positive gearing in the next business cycle).
The house is located in West Coffs Harbour in neighbourhood with a good socio-economic profile and has a secure tenant on a 5 year lease which started in August 2011. The tenant has the option to renew the lease for a further 3x5year periods. Rental amount is adjusted annually for CPI, and re-adjusted to market rates every each lease renewal (every five years). The business occupying this residential building is well established with a secure and loyal client base, and has a fluid cash flow.
As the nature of the tenant’s business operation requires discretion, further information on this impressive investment opportunity is available from the real estate agent. Call Glenn Nel at 0413 904 121 or 6652 1088 for more information.