This fully furnished two bedroom apartment (with secure carpark) is an ideal low cost investment into the Adelaide CBD and is managed by the Breakfree Group until 2021 (with an option for a further 10 year lease until 2031)

Well suited to first time investors or self managed super funds, please enquire for more detailed information or to arrange a viewing.

Recent Income from the Breakfree Group (net figures after maintenance and management fees):

Recent Net Income:
Qtr ending June 2011 $2,854.64
Qtr ending September 2011 $2,232.65
Qtr ending December 2011 $4,047.94
Qtr ending March 2012 – $4152.77
Qtr ending June 2012 – $2096.80
Qtr ending September 2012 – $2659.47
Qtr ending December 2012 – $3397.82
Qtr ending March 2013 – $3113.37

Ave Income per quarter over last 8 quarters: $3,069.43
Ave income per month over 24 months: $1,023.14

Expenses per Annum: Council $971.10
Strata Fees $1,119.76
Strata Sinking Fund $1,302.28
ESL $196.90
SA Water $616.20

Ave expenses per month: $350.52