Phone Enquiry ID: 72743
This 1 bedroom apartment is a buyer’s GOLDEN opportunity.
The unit is a ground floor unit that is a part of a brick complex located a few streets from the beach in Coffs Harbour and has its own inground pool (complex maintained) and poolside relaxation area.
There are built-ins in the bedroom – and a bathroom is located (off the bedroom), which consist of Shower, toilet Vanity. Open plan living, kitchen & dining.
Own your OWN piece of beach location real estate. % mins walk to Park Beach Plaza Shopping Centre and the North Side Shopping Centre. Close to buses and schools.
Rental income is currently $270 p/week and the new tenant has a 6 months lease.
Buy at $199,000 with a lease guaranteed income at $270 p/week. This IS an investors DREAM ..!
* Owners are not really wanting to sell but have no choice, as they need their money for another urgent project.
* This property is priced to MOVE FAST!
So don’t dwell act, Call now, to find out more!!

Lot2 Plan SP 52465.
lot DP: 1085572
35sqmtr living+5 Outdoor+ Carspace
Complex: Zoned R3 Medium Density.
SMS Strata Management

$825.50 strata fee per 1/4 = $3,302.00 yr (inc Water)
$500.00 Council Rates 1/4 = $2,000.00 yr

Rental Income: $14,040.00 (52x$270-p/wk) (Elect tenant pays). (The unit has been rented for $280 p/week prior)

Yearly Rental Income: $14,040.00 – minus Costs: $5,302.00
= $8,738.00 Clear Income p/year. (based on CURRENT $270 p/week).

Yearly Rental Income: $14,560.00 – minus Costs: $5,302.00
= $9,258.00 Clear Income p/year. (based on PRIOR rent of $280 p/week).