Current owner happy to stay on and rent, making it an easy hassle-free investment choice, as you can see by its condition he would make a dream tenant, and happy to commit to a long-term lease at $240 per week. This represents an attractive 6.6% gross return, or approx 4.6% NET – after council and water rates and body corporate fees. “SET AND FORGET”.
With no gardens at all to worry about, and all the outdoor space being maintained by the body corporate, this refurbished unit in convenient location is as close to zero-maintenance living or investing as you can get. A full refurbishment was done on the unit approximately 10 years ago, including new kitchen and bathroom/laundry, paint, curtains, floor coverings etc. The unit has 2 bedrooms, open plan kitchen / living area plus separate dining area.
Or would also suit holiday rental, uni students or live-in buyer. Located within walking distance to CBD and beach. It is one of 8 units, 4 of which are accessed from Denneys Street, 4 from Raglan Parade. Act quickly, sure to be snapped up!