Looking for a great investment with a gross return of just over 8.4%? Then this 2 bedroom, 2 bathroom townhouse located in a quiet position within the City Waters Complex ticks all the boxes with the following great features in place: 1) Tenants are in place til the 18th July 2015 paying $300 per week 2) Body Corporate fees are an acceptable $3.724 per annum with council rates$2,358 per annum. There is also $220,654 in the sinking fund. 3) The complex was built in 2008 allowing building depreciation and depreciation on fixtures ad fittings to be claimed by the astute investor. The unit is 108m² is total area (including a spacious patio) and there is an allocated car space of 14m² in area 4) The unit is air conditioned throughout and located on the top floor of one of the buildings within the complex. Downstairs is a spacious kitchen with plenty of cupboard space which leads into the lounge/dining areas and out to a very private covered balcony. 5) Upstairs is two bedrooms, both with mirrored robes. The main bedroom has a good sized ensuite and both bedrooms are separated by another bathroom/toilet arrangement. 6) The laundry is located upstairs as well and the clothes dryer is included in the sale. The resort style pools, BBQ facility and gym within City Waters make it attractive to both tenants and owner occupiers. Rarely does a property come onto the market which is priced to immediately meet the market. The owner paid $269,370 and has slashed his purchase price by $84,370 to list the property for sale at $185,000. For further information or to arrange an inspection contact agent today
