Opportunity knocks with 7 studio-style flats currently returning a gross yield of $63,700 per annum to attract investor interest. Each flat offers a 3.0m x 6.5m living and sleeping space with timber floors, ceiling fans and air-conditioning, with a basic kitchen and bathroom and common laundry facilities. There's certainly scope for an upgrade, or just continue collecting rent as is. The complex was built in 1970 and is handy to all amenities.
Low-set, 1970 complex of 7 conjoined studio-style flatsOpen-plan 6.5 x 3.0 living/sleeping space with timber floorBasic kitchens with electric stove and small dining spaceBasic bathrooms with shower, vanity, WC and towel cupboardAir con & 2 ceiling fans in living areas, fully security screenedFront landing to all flats, full length deck out back door Common laundry facilities with small concreted parking area & plenty of off street parkingBrand new roof, 1223m2 fenced block, owners do maintenanceQuiet residential location handy to public transport and shopsGross rent return of $1225pw ($63,700pa) = 9.8% on asking price