Entry Level Investment

Description

Situated very near the corner of Hine Road, sits this 2 double bedroom 90m2 unit on a cross lease section of 535m2.

The attached garage provides a good separation between the two units.

The unit is well heated with a heatpump and insulation under the floor and in the roof space. The extractor fan and rangehood make it an easy choice for your next investment and the aluminium windows is another advantage.

The property will be sold with vacant possession. It has had some tidy ups and it is currently staged for selling.

With a rental appraisal of $530-$550pw, this represents at attractive 6.36% Gross yield on asking price

1b Sunny will also be coming to the market shortly with similar numbers so you have the opportunity to buy one or both at a very affordable price.

PROPERTY DETAILS
  • Bedrooms: 2
  • Bathrooms: 1
  • Car parking: 1
  • Floor area: 90m2
  • Land area: 1/2 share in 535m2
  • Estate type: Crosslease (Leasehold)
  • Rental status: Vacant
  • Rental appraisal:$530-$550 (Written rental appraisal available to potential purchasers)
  • Rates: $2553,69
LOCATION
  • BEO $449,000
  • Gross yield: 6.36%
  • Rental appraisal: $530-$550 (Written rental appraisal available to potential purchasers)
  • Annual rates: $2553,69
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ABOUT THE AGENT

Peter Ambrose

Licensed Salesperson
REAA 2008