Value For Money Investment Or Crash Pad.

Value for money 2 bedroom apartment, open plan kitchen dining and living. Both bedrooms have BIR’s. A large central bathroom services the bedrooms and a substantial heating and cooling system keeps the unit at an even temperature.<br/><br/>As an investment this apartment was achieving a rental income of $550 per week prior to Covid, now that students are returning the current rental expectation is $300 per week with room to grow quickly.<br/><br/>Note these apartments are largely owner occupied as City pads by property owners or for permanent use, so if you are looking for an affordable city base at the Spring Street end of town then this is a great option. The building profile on Domain summaries that there are 274 apartments in the building of which 75% are owner occupied and 25% rented.<br/><br/>Body corporate is estimated at $4400 per annum, this includes a Concierge service during office hours, a common room and a common laundry.<br/><br/>Please call Tim Harris on 0407 035 288 for more information.