• Positioned in Kangaroo Points most sought after location it is only a short walk to the ferry, restaurants and CBD. The appartment is approx. 42sqm in size and consists of 1 bedroom, 1 bathroom and secure parking (on title). • Rent guaranteed for 5 years with a 4% increase annually and an option for the onsite manager to extend for up to a total of 25 years. • Guaranteed rental return of $994.38 nett per month. • Additionally, you will receive a property management reimbursement of approximately $131 per quarter and approximately $147 electricity, gas and foxtel reimbursement per quarter. • All furniture, Manchester, kitchen, maintenance and housekeeping issues are the onsite the manager’s responsibility and they will bare the cost. $1 will update the furniture package.• These approximate outgoings are also necessary for your consideration of this investment. • Council rates are around $1166 per annum• Body Corporate is around $3315 per annum (a portion of this is rebated, see above)