511/1 1 Kingsway, Cronulla NSW 2230

Offers above $390,000
Invest in your future personally or via your self-managed super fund. Currently leased to Quest for approximately $25761 per annum ($2146.79 paid monthly), grossing approximately $494/week, equates to a gross return of approximately 6.5%. A great return with CPI adjustments built into the lease and the prospect of capital growth too!
The lease is scheduled to terminate 15 Feb 2016 and has a 4 x 5 year options to follow.
81 square metres on title, including an extra-large 25 square metre garage on the mezzanine level of the secure basement area.

Electricity is paid for by Quest.

The following are the approximate amounts paid on a quarterly basis.
Council rates - $215.30
Water rates - $163.15
Strata levies - $1223.60

Real Estate Agents Management Fees = Nil

Now is the time to take advantage of this perfect opportunity to own an apartment in this landmark building with the security of a long term tenant guaranteeing your rental return and allowing you the luxury of a set and forget property investment without the worry of interruptions to your cash flow, as is often caused by vacancies in other investment properties.
511/1 Kingsway, Cronulla, also known as 511/1 Abel Place, Cronulla.
Call or email [email protected] to book your inspection or request further information.