This bright, warm and friendly short and long term accommodation consists of 17 rental units, some with their own facilities and several well maintained and presented shared bathroom facilities. A large security controlled reception leads on to the open hallways and welcoming contemporary styled living/games/common room and a spacious well planned shared kitchen. The complex is decorated tastefully and with an intention to easy maintenance. There is also a shared internal laundry and external coin operated dryer facility. The upper floor has a well appointed two bedroom self contained apartment with a modern recently installed bathroom with external and internal access.
Each unit is rented to include power, heating, laundry and internet. Full occupancy can generate between $137,000 to $146,000 pa gross. For 2013 year-to-date the occupancy is operating at approximately 65/70%.
There is parking on the property for at least 6 cars. The garden is mature and manageable and includes a patio area for residents. Excellent street, and good views from the property. A full chattel list is included. Many new improvements have been made over the last few years.
Options include living in the apartment and operate for an income opportunity, appoint a live-in manager or a management agent. Viewing is strictly by appointment .