BEING SOLD AS A WHOLE! BEAUTIFULLY PRESENTED AND MAINTAINED.

2 x 2 STOREY BUILDINGS: EACH HOUSING 4 x FULLY REFURBISHED STUDIO APARTMENTS, WHICH HAVE BEEN UPGRADED OVER THE PAST 2 YEARS, including kitchen, bathroom, stoves and fridge. Each with reverse cycle wall mounted air conditioner.

4 Studio Apartments on ground floor and 4 Studio Apartments on 1st Level. Overall land size 920m2 (approx).

All Strata Titled and Self-Managed.

Current CV for all 8 Units is $1.84m.
GROSS RENTAL RETURN 2015: $105,186
GROSS RENTAL RETURN 2016: $104,532

COSTS FOR 2016:
Council Rates $6680
Water $5021
ESL $2200
Insurances $4800
2016 TOTAL COSTS $18701

NET RETURN FOR 2016: $85,831

Currently 2 Studio Suites leased periodically and 6 x leases in place for fixed term rentals between 17/12/2017 16/9/2018.

This property would be ideal for those looking to utilize their Superannuation Investment Funds wisely.

The owner wants this Group sold, so please place an offer.

Contact the Agent for further details.