This unit is returning close to 10% gross on a long term lease. The tenant is there for one year, has a one year option, and wants to extend this further.
The complex is well managed, with on-site managers providing extra services such as meals and laundry for the residents at an optional extra charge.
No wonder the complex presently has a 100% occupancy rate.
Phone or email for the Information Brochure detailing rental return, body corporate costs, rates etc.