18 month old, leased investment, quality construction with further development and/ or Owner Occupier potential.

* Prime Location – 2 street frontages
* Land area – 587 sqm
* 6 x 1 bedroom dual key units, fully furnished, fully self contained
* 223m2 commercial with 5+5+5 yr lease to Day Spa – $145,600 gross commencing 18/02/2008
* Quality construction in full concrete /render
* Foundations & engineering for aditional height limits/density as the area changes (subject to BCC approval)
* Potential to add approx 150m2 of office space at the rear or use 90m2 street frontage.
* Can be Strata Titled
* Income approx $340,000 net (subject to letting configuration) and fully managed
* 16 + 1 disabled secure car parks + 2 small motor cycle /storage
* Strong depreciation/tax benefits
* 7.15% net (before land tax and depreciation)

Call William for a full report.