Sold
Completed in 2004 and developed by the renowned Conrad Properties Group, the Stanford apartments present great value for investors looking for an above average return.
Northerly aspect with two bedrooms, one bathroom and the lounge features wide opening windows that open up to let in the fresh air and provide sea views across to the harbour bridge.
Currently rented at $530 per week, there's scope to add value and update the interior which would in turn potentially increase the rent achieved. In the meantime the kitchen has been improved including installation of splash black.
An onsite building manager takes care of business and there's a gym for residents use.
The owners are cashing up and committed to selling, so do your numbers and name your price.
Freehold
Size: 37 square metres
BC levy: $5,580.16
Rates: $1,286.71
Rental Income $27,560 per year.