Looking for immediate cash returns ?
Ever thought you could get in excess of 7% NET return on your investment? And with the rental increase from 1st January 2010, it increases to 8.5%.
Well read on, here is an exciting opportunity…
For sale is the managers’ residence of a modern retirement village in a central position of Wynnum West. The tenant has a long term 10 year lease in place with another 4 x 10 year options following on. The on site manager is paying $450 per week rent with nothing left for you to pay. The rent is free of any agent’s fees and body corp fees. That means the landlord receives $23,400 P.A. in their hand. After 1st Jan 2010 it will be $536 per week or $25,730 pa.
The managers’ residence is situated at first floor level above the community centre with its own private access and is a spacious 3 bedroom, 2 bathroom brick home with modern kitchen, bathrooms and carpeting and a breezy entertainment deck off the lounge and dining area. Its located close to transport shops and the bay & has been priced to sell quickly. Dont delay, its sure to be snapped up by an astute investor, why not you? Call Cathy Pieroz today (Your Bayside Property Specialist) on 0417608132 or email me at cathy.pieroz@harcourts.com.au for more information or your private inspection.

Features:
- 3 built in bedrooms
- Master with ensuite
- Modern kitchen
- Spacious lounge dining room with air conditioner
- Glass sliding doors from living to under roof deck
- Private access via external door
- Solid and modern brick construction
- Gated complex in central position
- Long term returns within the booming retirement sector