27/5 Bay Drive, Meadowbank NSW 2114

Looking for a property with an awesome combination of solid capital growth, exceptional rental returns and outstanding tax benefits? You've found it!

This modern, low-maintenance, central unit is certain to always be in high demand. A secure tenant in place means you can relax, sit back and let the rent pay off your blue chip investment.

Located in vibrant and highly sought after Waterpoint Shepards Bay, rarely do you come across a 1 bedroom unit with these enormous proportions (82sqm) and layout. Complete with comfortable open-plan living, modern appliances and exceptional quality finish.

The low maintenance and stylish living offers:

- Large double sized bedroom bathed in natural light with built-ins

- Generously sized, light filled open plan living/dining area

- Double doors leading to a balcony setting with a courtyard outlook

- Full kitchen with quality stone bench tops, gas equipped and superior appliances

- Modern bathroom with full tub and separate shower

- Huge storage room (or even a small study) for anything and everything

- Separate laundry room with dryer

- Beautifully presented security building with manicured gardens

For these reasons the property has been tenanted since day 1 and the current tenant loves it. With rent appraised at $420-$440 per week, your returns are only likely to go up and up! Rental rates have increased for Waterpoint apartments over the past few years fuelled by the awesome location and fantastic lifestyle conveniences such as:

- Franklins, Aldi, specialty restaurants and shops in the complex

- Enviable transports options such as ferry, bus and train stations literally minutes walk

- Its proximity to the city - only a 20min drive

- Picturesque walkways and bikepaths along the waterfront

- Growing employment hubs in neighbouring Rhodes and Macquarie Park

- Exciting new Top Ryde City Shopping Centre, Rhodes and Macquarie Centre

- Meadowbank TAFE and Macquarie University

With more great features than can possibly be listed here, inspection is essential to truly appreciate all this ultra-desirable investment has to offer.

Don't miss out! Attend one of our Open for Inspections or call NOW to arrange a viewing, before another savvy investor snaps up this hot opportunity!

Total area 82 sqm (79sqm internally)

Council rates $200pq
Water rates $136pq
Strata fee $580pq