This is one of the cheapest units in the complex and can also be purchased as a package with unit 50. The current owner would like to see both go to an investor and will be negotable on the price for purchasing both units. With a gross rental return of about 9.4%, and close to 5% nett, after rates, on-site management and Body Corporate. Not only that, these are less than five years old, so you get to claim depreciation on the building. Hard to find a better investment, only 50 metres from the beach and lake even closer. Long leases in place with happy tenants. The unit comprises one bedroom, bathroom with laundry, living room, dining and kitchen. The carport is separate but close. The complex has a clubhouse, and you can fish in the lake. With this Unit in particular, the tennant is a long term, there is a 3 year lease in place.