Larger than usual modern studio apartment securely leased to Oaks on market with current income of approx $1500 per month net ($18000 per annum) to owner. 5% rent increase every second year (next increase in September 2013) and further market review at the start of each term.

Features include: Light filled north facing with city view, large windows, spacious living area, quality modern furniture, functional kitchen, large sparkling bathroom with laundry facilities, reverse cycle heating and cooling,

An excellent opportunity to purchase an investment property with regular high cash return.