Check this out! This studio apartment in the Ridge on Leichhardt is brimming with the stuff! Currently leased at $315p/w NOW, you could increase this amount substantially.

Similar apartments in similar condition in the building are renting for the same amount without car parks. Why not rent the apartment out and then lease the parking spot separately?

Car Parks in Spring Hill are renting for more than $60p/w……..so what you have here is potential, potential for your Low $200k investment to be returning $375p/w. Consider investing some time and money on paint/carpets/new furniture and you could increase these returns even further!

Now tell me this property doesn’t scream potential, just think about it for a second that is an opportunity to secure a 5.4% NET now and 6.4% NET return property in the near future!

Features,
- BIG POTENTIAL
- Great city views
- Walking distance to Brisbane city
- Great access to public transport
- Building Facilities include Pool, Gym, Snooker Table, and BBQ area

Financials,
- Tenanted @ $315p/w until 19/08/2010
- Body Corps $3393.24 p/a approx
- BCC Rates $1007p/a excl water/sewerage.

Get in fast to secure this fantastic investment opportunity.
A copy of the sustainability declaration for this property is available upon request.

Please contact Joel Cuman on 0416 840 836 to arrange an inspection.