High caliber luxury studio apartment located close to Parramatta transport. Property has approx 30 square mtrs area.

The demand for low price investment properties in the Parramatta area is strong, given current financial market, interest rate climate and first home buyers benefits.

Parramatta area is popular due to its central location ‘ being close to the geographic centre of Sydney Metropolitan area, excellent road network connecting to the CBD, Western Sydney, Southern Sydney and Freeways.

Rent Returns
Current rental return is $11,622 per annum. The rent is to be adjusted by CPI index annually. Rental term is 10 years from August 2001 with a 6 + 5 year option to be exercised in 2011.

Location
Parramatta CBD.