Free Up Your Cash Flow and purchase this 3 bedroom weatherboard single level home on a full 657sqm section at an affordable Asking Price of $119,000.

 The renewable 21 year ground lease is currently fixed at $20,800pa and not renewable until 2029. That equates to $400 per week. Better than renting with all its uncertainties!

Investigate under the proposed unitary plan of building a self contained unit on the rear to increase your cashflow / income. There could be 2 potential income streams or live in one and rent the other out to pay your ground lease.

There is plenty of lawn at the rear that is currently home to some friendly pets and they love the long grass (shown in the photos) to hide and play!

This property could also be a real advantage for the younger family looking to live in the Eastern Suburbs within popular school zones.

It has convenient proximity to many local suburban amenities and the waterfront beaches are only a short drive away.

Come and take a look at what could be possible for you with an Asking Price of less than the deposit on most eastern suburb freehold properties!

The Vendor is ready for your offer! Call Tina on 021800076  for more information and to make your appointment to view.

At A Glance:

3 bedroom home on 657m2

Separate Laundry

Off street parking

Leasehold 21 years in perpetuity.

Current Lease Term until 2029 - Ground Rent $20,800pa ($400 per week)