Five bedroom villa, great student flat, excellent rental history. Consistently rented to students for the 7 years, cash flow positive so this is a no-brainer! Handy to Gardens shopping area, only two minutes walk to New World and walking distance to university. Private elevated setting on a quiet street, no road noise, peaceful outlook. Five great big bedrooms, one off street park, partly furnished. Leased for all of 2014 returning $410 per week, excellent potential for rental increase, currently only $82 per room. The rent hasn't been put up in the last seven years either! Heat pump and fire, separate toilet and laundry.
New roof put on in 2009 and new piles when bought in 2007. 8.2% yield opportunity, you would be silly to miss this one. This investment has been a pleasure to own but it is time for us to downsize our investment portfolio. Serious enquiries to owner only, no agents.