This is a classic 60sqm two bedroom unit with courtyard at rear, one double and a single bedroom a large lounge with heat pump, dining and kitchen combined and a single garage at the back of the block. The current tenant is paying a rental of $280 per week on a fixed term till 16/1/15. 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 and currently sits at a 8% return on the asking price. 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 $240 per week. Take your pick or buy both.

Agency reference #: 518276