Investors dream - Approx 6% return

101/19 Market Street, Wollongong, 2500

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269,000 AUDEst. Mortgage: AUD 1,890/monthFor Sale
  • Ownership Type Serviced Apartment
  • Property Area 0 sqft
  • Bedrooms 1
  • Bathrooms 1
  • Furnished No
  • Last Updated 3rd Apr, 2021

Amenities

Feature that provides comfort, convenience, or pleasure
  • Living Areas: 1

Property Overview

*Fantastic investment opportunity with long lease and managed by Adina Hotel Group.
*Outstanding 6% approx. return, low risk, low fuss.
*Set & forget investment with all refurbishments performed by Adina Hotel Group.
*Spacious and modern interior. Air conditioning. Great condition throughout.
*Leased to the Adina Hotel group, current lease 5yr + 5yr.
Gross return of approx $18,000 last financial year. Approx $350p/w.

*Annual rent increase of approx 4%.
*Pool, gym, sauna & spa.
*Rarely offered investment opportunity.
*Wollongong beach, mall and WIN Stadium all within walking distance.
*Set in the heart of Wollongong, in close proximity to restaurants and night life.

Location on Google Map

101/19 Market Street, Wollongong, 2500

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