City investment an easy option, a pleasant walk to the esplanade and lifestyle activities. An opportunity to purchase this investment, 1 bedroom/1 bathroom unit with undercover carport. 1st floor location, a single level open plan layout with balcony and communal laundry. Rental return of $220 per week, ROI 10.2% approx. Desirable location only 5 minutes to the CBD & 7 minutes to the airport.
Fixed Tenancy Agreement to 10.1.2021 at $200 per week. Was previously rented for $225pw, rent reduced during Covid and for inconvenience of property being For Sale. Can eventually increase rent to $225 per week, ROI 10.4%.
Number of units 14
Body Corporate Fees $3,700 aprox pa
Council Rates $2,500 aprox pa
