Description

Phone Enquiry Property ID: 1704 (Quote when calling or texting)

All Furniture and appliances included.
Currently tenanted at 340pw, tenant keen to stay.
Photographs depict apartment with all included furniture and appliances prior to current tenancy.

At this price its likely to produce a rental yield grater than 7%. Great for investor interested in a positive cashflow.
Or comfortable for a owner occupier in a super-convenient location.

Positioned on the 4th floor, you will have a beautiful view Swan River from the living room and balcony.
This is the perfect place to be if you need to be situated close to St John of God Mount Lawley Hospital as its only a 7 min walk (550m) and so is Mount Lawley Train Station (550m).

This apartment complex is situated amongst Mount Lawley beautiful streets lined with heritage homes. Safe for taking morning or evening walks. 250m from the river

Investment Data:
Strata fees = $500 per quarter
Council rates = $1300 per year
Special Levys = $0 (there are NO special levy's associated with this unit)

Gross Yield (annual rental income/mortgage) = (280*52.17/190,000) = 7.68%
Net Yield (annual rental income - annual rental expenses/1900,000) = 2.6% - Positive Cash-flow (approx $95 income a week)

Major Renovations planned and already funded.
*The special levys associated with the works have already been paid for this unit by the current owner. Thus no special levys apply to this unit.
- New lift
- New roofing
- New balustrades
- New plumbing infrastructure
Total approx renovations = $2 million

Features

  • Balcony
  • All furniture and appliances included in the sale


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