An opportunity to purchase a totally passive apartment investment, offering a long term lease with a proven tenant. This is the last one available on these terms.
Tenant pays all costs including repairs, maintenance, replacements and ownership costs. Commercial style lease, first term 12 years from 1st February 2013, CPI rent review 2 yearly. Two rights of renewal of 10 years each.
This is an outstanding opportunity to add a quality investment to your portfolio, so don't delay.
For sale: one bedroom apartment @ $265,000 + GST if any (returning $18,200 p.a. net).
Property sold subject to lease. (Property is zero-rated for GST)
Purchaser will need to be GST registered.
Location walking distance to CBD retail hub
Living Areas Fully furnished in luxury style
A+ seismic rating.
Call now for an appointment to view.