117 Penquite Road, Newstead TAS 7250

The perfect "bricks and mortar" investment. A Classic 1950s solid brick apartment block in Newstead. This is the superannuation investment dream. Returning app $200 per week times 6 apartments which equates to a solid 6+% gross return. Sit on them and enjoy the return and have the ability to sell individual apartments at your desire down the track should you require the cash. All 6 apartments are strata titled allowing you many options. Situated 2 traffic lights from the city centre and close to private schools/ college where rental properties are always in demand. This is a low maintenance property in good condition, in our current rising market this Newstead property must be a blue chip investment.