A fantastic opportunity to add this secure investment property to your portfolio. A well appointed, light and bright serviced apartment located on Level 11 in Break Free on George.
The 31sqm serviced studio apartment faces east with views over the Capitol Theatre and features include air conditioning, built-in robes and modern kitchen/bathroom.
The property will appeal to astute investors – especially those with self managed superannuation funds, given the exceptional yields and low maintenance.
- The current net rental return is $19,468.80 approx per annum, and best of all, the tenant pays all the outgoings!
- The current lease term is 5 years from 1 April 2012 to 31 March 2017.
- There are an additional 3 x 5 year option periods concluding in 20 years on 31 March 2032.
- There are several automatic rent increases throughout the lease, the next increase is occurring on 1st April 2013.
Copy of lease details can be provided on request and inspections are as advertised by appointment.
The information above is provided in good faith and has been provided to us from a variety of sources. We have not verified whether the information is accurate and do not have any belief one way or other in its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should rely on their own inquiries in order to determine whether or not this information is in fact accurate