Set up as Student Accommodation

- Fully renovated
- 10 bedrooms,
- 4.5 bathrooms,
- 3 kitchens
- furniture package right down to the cutlery,
- The property is very low maintenance and offers lots of tax depreciation for extra return.
- Current lease arrangements are as 12 month leases ending January 2009 and returning $925 per week ($48,100 pa) = 6.5% return.
- In January 2009 it is expected to increase to $1180 per week with new 12 month leases. That’s an 8.29% return – Let the interest rates continue to drop then maybe lock in your rate (you should seek relative financial advise) that’s positive gearing!
You pay $740,000 Wow! Great return?.All outgoings paid by the tenants.

Buy inline for $740,000 or as they are already strata you can buy 25 or 25a for $370,000 each.

One home has 5 bedrooms. 2.5 bathrooms with 2 car spaces. It is achieving $425pw. It is planned to increase the rent to market value of $550pw?$600pw* in January 09 when the present lease expires.
*Appraisal source. Apple Property Management, Waratah.

Interested? I bet! And there’s more!
Featuring polished floorboards and quality tiles to the floor, granite benchtops & 2 pac kitchen, dishwasher, furniture package, etc.

Long term tenants in place until January 2009, so just purchase & reap the rewards.

25a consists of 5 spacious bedrooms, 2 freshly renovated bathrooms & 3 car spaces.

Currently set up as two flats, 1 x 2 bedroom and 1 x 3 bedroom and is very well presented throughout.
Close to the University it is currently returning $550pw.

The flats feature polished floorboards and quality tiles to the floor, granite benchtops & 2 pac kitchens, stainless steel appliances (incl. dishwashers), ceiling fans, furniture packages, etc.

Close to the University, hospital & shopping centres.
Council rates: $735.38 p.a. for each property. ($183.00 quarterly)

Water Rates: $343.80 p.a. for each property. ($114.60 each 4 months)

Strata Title: Self-managed strata?no strata fees. Only common property is driveway.

Call today for an inspection!