Inspection Times
15-Sep-2007 02:00pm to 02:20pm

By popular demand we have another 1 bedroom apartment available in Elizabeth House. Apartment 52 sold very quickly, don’t miss this one!

Here you will enjoy a corner position on the 5th level of this circa 1940s building, overlooking Elizabeth Street with district park views. Added features include built-ins and an internal laundry area.

This apartment is located close to the city centre and has a bus stop at the door.

Currently let at $310 p/w lease expires 22/11/07. Investors note: an extremely strong rental demand area.

DOMAIN REALESTATE.COM.AU VIEWERS, SEE OUR WEBSITE www.hayek.com.au FOR LEVIES, OUTGOINGS ETC

High Levies… a short and simplistic summary as to why the levies are higher than normal.

This building required upgrades and as there were insufficient funds, the building borrowed money to pay for these improvements. These building works are now budgeted for, but this 4 year loan still needs to be repaid.

Therefore, it was agreed by the building’s body corporate that the levies were to be dramatically increased.

We advise that all potential buyers conduct their own Strata reports.

It would be clever buying to take advantage of this current position which has a limited period then imagine the capital appreciation once the loan is paid off and the high levies are reduced.

Based on the high levies our motivated Vendor has set a very attractive selling price.

Water Rates: $117.00pq
Council Rates: $152.00pq
Strata Levies: $1,756.00pq

VIEW: SATURDAY 15/09/07 AT 2:00 – 2:20PM.