Sold - 20.02.2016
Are you seeking to buy your first home or investment property on a limited budget? On offer is a two bedroom leasehold unit in a block of 4 priced at $105,000. The unit is on its own title and has a carport. The owners are now off-shore, are keen to sell, and seek offers. The solid 1960's largely brick and tile block sits on a 609 sqm site, is zoned for popular Stonefields School, and is minutes to beaches, buses, train and shopping centres. The unit has a history of very stable tenancies with rent providing a gross income of $17,680 per year. With some TLC there is potential to increase that rental income. The perpetually renewable lease is until 2029 and the current lease cost is $9,100 per annum.
Property ID RMU23531
Close To Schools, Close To Shops, Close To Transport
* While every effort has been made to ensure the information displayed is accurate, please check details directly with the school before making decisions based on this information.