Yes the property market has been quiet and buyers have had time to research and become well educated in property values. That is why this property has been priced to represent an excellent rental return and should be considered by all astute investment buyers. Currently leased long term at $310pw representing a gross yield of 6.5%.

So what is so special about this apartment to attract long-term quality tenants' … it is a roomy bright light and breezy 2 bedroom apartment overlooking the beautiful waters of Lake Intrepid with canal views across the boat-ramp from the lounge, kitchen and balcony. Recently carpeted throughout. Very generous renovated kitchen with loads of cupboard space.. Clothes Dryer .. Undercover car parking & separate storeroom. The two double bedrooms have large built-in wardrobes with mirror sliding doors and ceiling fans plus a bonus small balcony off the main bedroom to catch those sea breezes.

This apartment is located in one of Mermaid Waters most popular peaceful & secure gated communities of 80 units, primarily investment, offering peaceful resort style living in a quiet permanent residential environment complete with two sparkling swimming pools, sandy beach, fishing jetty, ocean access boat ramp and large pleasant parklands.

This well managed building is constructed in low-maintenance, permanent solid masonry materials throughout including the interior walls with concrete tiled roofing. This all results in cost effective maintenance and extended building life. This complex has Low Body Corp levies and a solid sinking fund.

This unit has always been attractive to prospective tenants being a consistent rental performer and has enjoyed 100% rental continuity over the last six years under astute on-site property management.

The vendors are committed and have priced this excellent property to sell, so if you are looking for an ideal property investment please call the friendly On-Site Managers to arrange your private viewing. Click on Contact Agent for our details.