7% net return! Yes you read that right. This sensational studio is not just built solid, but it could well be the most solid buy that you'll find in your lifetime.
Currently used as an incredibly profitable and highly rated Airbnb, there is the option to continue on with this and take advantage of the existing listing and positive reviews, alternatively this tidy little property could be offered as vacant possession, in fully furnished, turn key condition. Perfect for the discerning buyer looking to lease long term, move in themselves or utilise as an affordable holiday retreat.
The Facts
- Fully self contained studio style apartment
- Ground floor location for easy access
- Paved garden courtyard with private aspect
- Complete solid block construction
- Separate toilet
- Immaculate interior
- Fully furnished
- Covered, designated parking
- 5 minutes drive to CBD
- 230 metres from Raintrees Shopping Centre
The Figures
Rental appraisal - $300 plus per week
Bargain body corp fees of just $1,784 p/y
Council rates of $2,800 approx p/y
With a refreshingly simple internal design, 11/85 Birch Street has been impeccably maintained and makes for the ultimate blank canvas to make your own or an incredibly profitable addition to a growing investment portfolio.
Vacant and ready for immediate inspection, for all enquiries, contact Tim Lyon on 0400 355 706.
All information contained herein is gathered from sources we believe to be reliable. This office and its Agents provide no guarantees or undertakings concerning the accuracy, completeness or current nature of the information and disclaim all liability in respect of any errors, inaccuracies or misstatements contained herein. Prospective purchasers must undertake their own due diligence, enquiries and assume various searches to verify information contained herein.
