This is a classic 60sqm two bedroom unit with small courtyard at rear and off street parking at the front. The layout is configured with one double and one single room a large lounge with heat pump and dining and kitchen combined and with a single garage at the back of the block. The current tenant is long term and keeps the in immaculate condition paying a rental of $240 per week on a periodic basis, the rental statistics in the area sit at $280 to $320 per week with the median quoted at $295 per week. This unit has the potential to return an 8.5% gross yield if the median rent was achieved. The location being city fringe is developing with new apartments and townhouses being built increasing the value and appeal of the area. The neighbouring unit is also available and tenanted at $280 per week. Take your pick or buy both.

Agency reference #: 518277