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Trying to fill the affordability gap? No problem, you could buy this outright with spare change and the outgoings are certainly more affordable than other options currently on offer, that means more coin left in your pocket.
Two bedrooms with two bathrooms, big and open plan and there's no need to pay for a view you'll never gaze at, this has super low ownership costs. Buying this apartment at a fraction of the price of comparable freehold options just makes cents...and lots of dollars. Give it a face lift and pretty soon you'll be generating serious cash flow.
Let's do the sums.
Total rental income from long term tenants is $27,820 per year, outgoings of Body corp and ground rent are $195 per week. The rest stays in your pocket. The question really is, what would you pay?
The Vital Features include:
- Two big bedrooms. Main bedroom and one en-suit and second bathroom.
- Well appointed kitchen with open plan living room.
- Spacious at 65 square meters (give or take) with deck area.
- No need to pay for a view you'll never gaze at, low ownership costs.
- Pool, GYM, SAUNA and tennis court as communal attractions.
Sale by way of Auction, be sure to register your interest and order the info pack today. This is a genuinely motivated seller who is cashing out determined to meet the market, tell us what you'd like to pay, you may be surprised.