Investors Only - Long-term tenants

A fantastic investment opportunity currently with long term tenants lease expiring May 2025, occupied since 2013! Situated furthest from the busy road the unit features 2 bedrooms and 1 bathroom. Being located on ground level of the 12-unit complex the unit is homely with a fully fenced small patio with paved sitting area to the front and another patio at the rear with a modest private yard.<br/><br/>Current tenancy is achieving $300 per week with lease expiry 31st-May-2025, relevant notice is required for viewings. 8.4% Gross Return<br/><br/>Built in the 1980’s the characteristic brick walls of this time extend through the unit. The open plan living features led lighting and a reverse split system reverse cycle air conditioner and carpet in the lounge with a wall unit aircon and gas cooking in the kitchen as well as a ducted evaporative air conditioner throughout.<br/><br/>Both bedrooms are carpeted with ceiling fans. All wet areas are tiled, with the bathroom consisting of a shower, toilet and vanity. The electric hot water system is housed under the rear patio.<br/><br/>The complex houses 12 units with this unit being approx. 70m² with the yard being approx. 58m² for a total approximate area if 128m².<br/><br/>Shire Rates: $1,458 approx. per annum Strata Levies: Payable in instalments, disclosure statement to dictate. Water Rates: $1,564 approx. per annum, water consumption is paid through Strata. With sewerage available and connected.<br/><br/> Disclaimer - Whilst every care has been taken in the preparation of this document, accuracy cannot be guaranteed. Prospective purchasers should make their own enquiries to satisfy themselves on all pertinent matters.<br/>Details herein do not constitute any representation by the Vendor or the agent and are expressly excluded from any contract.<br/><br/>All information provided in the document regarding boundaries/fences etc. are an estimate only and the prospective purchases should make their own enquiries to ensure they are satisfied with their purchase.<br/><br/>Property Code: 1922<br/>