For the right investor there is:

Loads of depreciation: approx $8500 – $9000 pa
No down-time: Currently rented at $425 p/w to Jan 08
Affordable expenses:
Rates $1259.96 pa & Bodycorp fees $2302.81 admin & $263.14 sinking
Area appreciating at 14-16% pa (according to Matusik)
Ideal inner-city unit, 2 bedroom, 2 bathroom, 2 carspaces 34m2 balcony with city views, total area of 114m2

All this adds up to a positive return for the right investor, at just $459,000.

Call Paul Gould 0422 638663