If youâre looking for a solid return and like the idea of spreading your risk across multiple tenancies then this is a definite to inspect.
This property is near new and still has depreciation credit to claim. There is very little in the area to compare this property to as this complex is focused on low maintenance, high security and attracting professional tenants. The property is currently fully leased and in high demand due to its unique nature and features.
Property Highlights:
* ROI Circa 8% gross
* 8 x 1 bed air conditioned apartments on 1 title
* Individual off street parking for each tenant
* Security key fob access and security cameras in common areas
* No body corporate currently in place
* Within walking distance to the local major shopping precinct
* Popular with professional tenants
Donât pass this one by if youâre needing a quality additional to your portfolio.