This well established Holiday Apartment is being offered for sale with a track record of net returns better than 6% – after the Body Corporate, Council rates and management expenses have been deducted.

If you take the depreciation allowance into consideration – the return increases to around 6.5% or better.

This 2 bedroom, first floor apartment is fully air conditioned, fully furnished for holiday rentals, tiled throughout with a balcony and secure car parking in a well established holiday complex with only 19 Apartments that enjoy good repeat bookings located within minutes of the City.

With 86m2 living and 15m2 carport – total 101m2.

Yearly expenses
Rates, water & electricity $3,000
Strata (Body Corporate) fees $3,300
Depreciation claim around $4,500

We see this as a very good return and strongly recommend these apartments to any investor… apartments in this complex always go fast and are rarely available – so be quick!!

Call or e-mail us for more details.