What a great investment this is.
The high standard of accommodation in each of the seven bedrooms of this property is underscored by the rents and rental history. A near 100% occupancy rate and weekly room rentals of $305 to $335 per week add up to a near $120,000 gross annual income and a net income of around $93,000 per year.
Modern, spacious and with great views over Logan Park, the rooms each have extensive chattels and are warm and comfortable. Some tenants have been here several years.
Of concrete construction, the building is in excellent condition and has been expertly managed for the current owners.
As close to a hassle-free investment as you are likely to see. Rating value $1.6 million.
