Positive Cash Flow Under $460K
Property ID: 14083775
Purchase Price $458,860
Estimated Rent $550
Estimated Gross Yield 6.23%
To Be Constructed
If you are looking for an affordable positive cash flow investment in a growing location than you will want to look at this.
Unit 1 has 3 bedrooms, 2 bathrooms and and single lock up garage;
Unit 2 has 2 bedrooms, 1 bathroom and a single lock up garage;
Some of the features include:
* 4 Split system air-conditioners;
* Stone bench tops in the kitchen;
* En suite and walk in robe with the main bedroom of unit 1;
* Stainless steel dishwashers;
* Vertical blinds;
* Covered outdoor entertaining area;
* Energy efficient downlights.
This is a full turn key package with a fixed price contract and a 20 year structural guarantee.
Located in a quality estate that is populated primarily by owner occupied homes. Within 10 minutes your tenants will have access to;
* 4 Private schools, 4 public schools and several childcare centres;
* University campus;
* TAFE campus;
* Train Station with access to the CBD;
* Shopping centre;
Businesses that have invested in the location include - Woolworths, Coles, IGA, Spar, Aldi, Birch Carol & Coyle, Bunnings, Masters, ANZ, CBA, Australia Post, Priceline, Chemist Warehouse, McDonalds, KFC, Subway, Red Rooster, Dominos, Eagle Boys, Pizza Capers, Coffee Club & Gloria Jeans.
Vacancy rates are currently at 1.2% (2 - 3% is recognised as a balanced market) and there are only a little over 20 units available for rent in the suburb. With the population projected to increase by more than 11% over the next 5 years the pressure on the housing market is set continue.
For further details please call Matthew Barnes on 0430 979 900.