Inspection Times
29-Sep-2007 12:45pm to 01:15pm

Perched on the 7th Level with a perfect northern aspect, apartment 76 features sweeping city views. 59sqm in size with a separate 3sqm storage room.

This building known as Elizabeth House is 8 levels tall, within close proximity to buses, trains the city centre and a short stroll to China Town.

Currently let at $395 p/w, lease expires 23/07/2008.

Investors note, this location is extremely popular with tenants.

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.

The price of this property is to be negotiated, please ask agent for details.