This is an investment opportunity to purchase within a proven complex that provides reliable cash flow. The modern townhouse consists of five studio rooms with ensuites, kitchenettes and full furnishings as well as a common living/kitchen area, laundry, courtyard and car parking. Five minute walk to cafes and bars and public transport.

Rental is currently set at $995 per week with a property management company in place to deal with the week to week running of the house. With the income set at $51,740pa based on 52 weeks and expenses totalling $11,019 per annum including insurance, rates, power and body corporate fees this creates a net income of $40,721 per annum. Allowing for a net return of 8.1% or a gross return of 10.3%.

With the housing shortage and transient workers changing the accommodation market this complex provides a vital service in an affordable price bracket which is reflected in the 100% occupancy the vendor has achieved for a number of years.