MACTAGGARTS PLACE. The original Wool Store and the only one on the river.

Currently tenanted on 6 month lease for another 3 months @ $550 per week. Zero vacancy rate over considerable time.

Surrounded by history in a building boasting high soaring ceilings, textured brick exposed timber trusses and iron bark beams yet providing contemporary lifestyle accommodation in Teneriffe/ Newstead, a precinct still undergoing continuing development well ahead of other inner city areas. A solid investment decision.

Important highlights:

* 2 large bright double bedrooms. mirrored built ins.
* Spacious bathroom, seamless glass shower and sleek tiling.
* Stainless steel under bench appliances and white two-pac finishes.
* Air conditioned and ceiling fans.
* Riverside swimming pool and entertaining, bbq areas.
* Secure parking space and plenty of off street visitor parking.
* Bus and Ferry at the door.
* Restaurant in the building and many more cafes and restaurants in easy walking distance.

What an investment environment. Low interest rates and still on the way down, high occupancy levels, affordable Body Corporate levies, large sinking fund balance, quality property managers. Do the sums and act now.

Body Corporate levies. Per 4 months ( 3 times a year) Admin. $1016.40. Sinking: $369.17.
Rates: $519.11 per quarter.