Positive Cash Flow, Dual Income Plus Additional Depreciation Benefits
Property ID: 16218615
Purchase Price $522,700
Estimated Rent $335 + $265 = $600 per week.
Estimated Yield 5.97%
To Be Constructed
If you are looking for a positive cash flow investment in a location close to all the facilities your tenants will need plus new infrastructure investment, this property needs your serious consideration.
Vacancy rates are at just 2.1%, properties are selling 32% quicker in this suburb than they were this time last year and the number of sales are up 13%.
Property features include;
Reverse cycle, split system air conditioning in the main bedroom and living area of each unit
Security screens to all windows and doors
Stone bench tops, 20mm Caesar Stone or Equivalent
Stainless steel oven, range hood & dishwasher
Colourbond roof with whirly bird
Turf and landscaping
3 Bedrooms all with build in robes
2 Bathrooms including en suite to main and bathtub in the second.
Single lock up garage with internal entrance
Outdoor entertaining area
2 Bedrooms, both with built in robes
Single lock up garage
Outdoor entertaining area
Bus stop 300m
Several childcare centres within 2.5km;
3 State Primary Schools within 2km;
State High School 2.6km;
2 Private schools within 4km;
Coles, Aldi X 2 and IGA are all within 2.5km;
Subway, Dominos, McDonald's, KFC, Red Rooster and Zarraffa's have all invested in the location.
Train Station 4.6km
A $60 million upgrade is taking place at a shopping centre 3km from the property. This will create an additional 250 ongoing jobs.
Being located half way between 2 Major Centres, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in the city while taking advantage of the and easier access to the nearby major regional centres.
The region has a strong history of long-term capital growth. Vacancy rates are currently at just 2.1% (2 - 3 % is considered a balanced market).
It has a strong, diverse and growing economy with the major employers being Manufacturing & Retail, Business & Community services, Construction & Agriculture.
There are approximately $2 Billion worth of private and Government funded Infrastructure projects proposed, approved or under construction. These projects are predicted to create approximately 10,000 ongoing jobs and thousands of construction jobs to the surrounding area.
Call Matthew Barnes on 0430 979 900 for further details and to answer any questions you have.
This property is part of the We Find Houses fee FREE direct range of properties.