Solid Investment Opportunity

Laing + Simmons and Ronis Real Estate are proud to present this new entire block of studio apartments and a lock up retail shop offered in one line. <br/><br/>Located in a prominent shopping strip with maximum exposure and with excellent long term leases in place ensuring a strong yield in a low maintenance building.<br/><br/>All apartments are self-contained with kitchens, bathrooms, laundry facilities, balconies, video intercom and split system air conditioning with a 3 year lease.<br/><br/>Retail shop approximately 62 sqm features kitchen, bathroom and ducted air conditioning which is currently used as office space and carparking via rear lane with a 5 x 5 year lease.<br/><br/>Set in a prominent location with rear lane access the property is easily accessible to Bankstown Central Shopping Centre, Yagoona shops and train station. <br/><br/>+ GAR approx. $191,000 pa <br/>+ Solid concrete low maintenance building with lift access<br/>+ Strong rental returns with long leases<br/>+ Easily accessible to local shops and transport<br/>+ Land size approximately 224sqm with 6.3m frontage<br/><br/>Great opportunity for investors with strong rental yields and excellent depreciation allowances anticipated.<br/><br/>For further details contact joint agents Themy Panagiotidis 0404 244 558 or George Ronis 0415 154 486