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Positive Cash Flow Property In A Location Predicted To See Capital Growth

Property ID: 15062565
Purchase Price $444,750
Estimated Rental $550 per week
Estimated Yield 6.43%
Estimated Completion August 2016

PROPERTY FEATURES

Colorbond roof.
Kitchens includes Stainless Steel multifunction Oven, slide out Rangehood and Dishwasher plus laminate benchtops and ceramic Cooktop.
Ceiling insulation.
Sisalation (high quality Foil Insulation) to external walls.
Weather stripping to external opening doors.
Off peak electric hot water systems for each unit.
Water pressure limiting device on both units.
Compact internal energy efficient lights.
Underground single phase electricity
Sealed exposed aggregate driveway and path to front door.
Full turfing.

Unit 1

* 3 bedrooms all with built in robes;
* 2 Bathrooms, including en suite to the master bedroom;
* Open plan living and dining area;
* Separate laundry;
* Single lock up garage;
* Alfresco area under the main roof;

Unit 2

* 1 Bedroom with built in robe;
* 1 Bathroom;
* Open living, dining and kitchen area;
* Laundry;
* Single lock up garage;

SURROUNDING INFRASTRUCTURE

There is a Bus Stop, IGA and High school within walking distance.
Several schools and childcare centres are within a 5 minute drive.
Businesses that have invested in the area include Bunnings, Coffee Club, Woolworths, Aldi, Domino's Pizza, Hungry Jack's, McDonald's, Subway, Red Rooster, Pizza Hut & KFC.
2 km to a TAFE campus.
2.1 km to Train station.
2.7 km to Bunnings.
3.8 km to a shopping centre with Woolworths, Big W and around 50 specialty stores.
4 km to a $1 Billion Industrial estate.
5.5 km to a large new Industrial Park to be constructed and is expected to bring 14,000 jobs to the area.

Within a 10 minute drive your tenants will have access to the CBD, a University campus, 2 Hospitals and the largest Shopping centre in the City; with Aldi, Coles, Kmart, Target and Woolworths and over 150 specialty stores.

THE LOCATION

The population of this region is forecast to more than double in the next 15 years, bringing an additional 75,000 jobs to the city. An additional 120,000 jobs are expected to be created within travelling distance to this location.

There is currently $Billions in infrastructure spending planned for this city. As a result this region is projected by property experts to see strong capital growth over the coming years.

Vacancy rates in this suburb are at just 1.6% and have consistently been around or below 2% for a number of years (2 - 3 % vacancy rate is seen as a balanced market).
Available properties on the market have reduced by 47% in the last 6 months.

Call Matthew Barnes on 0430 979 900 for further details.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 443m2

Type: Residential, House

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 443m2

Type: Residential, House