“Very High Net Returns of 7.8% gross / 5.5% net approx!!!!”
Proven to out-perform other residential investments and even some of the big banks term deposits, this hassle-free, set & forget investment offers a lucrative and unique opportunity.
Currently used as part of the Mantra on Frome Hotel, this apartment has a current lease agreement until 31/12/2020 which will achieve a gross yield of 7.8% approx. and a net yield or 5.5% approx. (gross income of $28,355.28).
• Two bedrooms with neutral décor, carpet and built in robes.
• Bathroom with WC, vanity, large corner shower, feature tiling
• Open plan living
• Full tiled kitchen with dishwasher, sink, under bench and overhead cabinetry, oven,
cooktop, range hood microwave and fridge.
• Split system air conditioning
• Fully furnished
CT / Vol.5878 / Fol.10
Year built / 2000
Equivalent Building Area / TBA
Council Rates / $1,715.40pa (supplied by vendor)
Water & Sewer / $653.64 pa (supplied by vendor)
ESL / $388.15pa (supplied by vendor)
Strata Fees / $5,390pa (supplied by vendor)
Council / Adelaide
Zoning / CC
Speak to TURNER Property Management about managing this property
Josh Edgar 0433 233 466