This 1960's block of flats have provided the current owner with a reliable and consistent income stream since being purchased in 1981. Three of the flats have been modernised between tenants in recent years with the remaining flat now being redecorated between tenants. Being so handy to the University high occupancy is almost guaranteed. Recently rented at $820 per week, with the expectation of being increased to $850 to $860 per week follow redecoration of Unit 3. Prudent investors should undertake their due diligence as a long term rental investment, explore the development or land bank opportunities.