No vacancy factors, general maintenance or worries about rent being paid on time!
This Executive Style Townhouse is leased long term by Medina Property Services who guarantees uninterrupted long term rental income. Currently leased to December, 2010, plus 2 x 5 year Options.
Located 12 km approx from the Sydney CDB, a short distance from the High Tech Macquarie Park/North Ryde Business District, Macquarie University and the new City Rail, The Complex operates as serviced high quality furnished accommodation for Business Executives, Tourists and Visitors to the District. The Complex boasts a Swimming Pool, Gym, BBQ Area, Conference Facility and Security Parking.
The 2 storey Townhouse offers, open plan living, modern well appointed kitchen, 2 bedrooms, 2 bathrooms and external Courtyard in Bush Setting.
Current guaranteed annual nett income approx $18,448 per annum plus generous tax depreciation, showing approximate net return of close to 6% per annum.
A rare opportunity to purchase a rental investment with above average returns at low risk, plus excellent potential for future capital gain!