This is a great opportunity for a smart investor to secure long term lease with a government agency.

The current tenant of this 8 unit investment is the NSW Land and Housing Corporation who provide elderly occupants long term homes. The corporation have an existing 3 year lease and 3 year option over the units and have been the tenants of these units since it was newly built approximately 10 years ago.

The property consists of 8 units, each with 2 bedroom, 1 bathroom and a single lockup garage. The location is within walking distance to all key amenities strengthening the chance of long term occupancy rates.

*Long lease plus 3 year option
*Government tenant
*6.2% rental yield
*Low vacancy rate area
*Close to facilities

Each unit returns a monthly rent of over $1200 per month with an annual rent increase factored into the lease agreement. This provides an estimated rental yield of approximately 6.2%. The approximate current annual return on the whole investment is $119,000.

The owner of this investment wants this sold. Their first preference is to sell these units as a whole however these units can be sold individually.

So if your interested in the whole investment please make contact soon!!!