15 / 291 York Street, Sale
- 2 bedrooms
- 1 bathroom
HOW DOES A 7.8% GROSS RETURN SOUND THESE DAYS?
With bank interest rates at an all time low you will be much better of by purchasing this 2 bedroom solid brick apartment showing a gross rent at approx 7.8%pa. Council rates, water, sewerage and Owners Corporation fees are approx $3,000 pa.
The existing tenant is paying $155.00 per week and whilst he is on a mth to mth basis has no plans on leaving, so you will have an income from day 1.
Offering approx 70sqm of living space plus a single car space on title this two bedroom apartment comprises a good sized living room with electric heater and a small balcony, eat in style kitchen with gas stove, combination laundry bathroom with separate shower recess and bath, built in robes in both bedrooms and all in reasonable condition.
First home buyers should also inspect this apartment as it will probably be cheaper to own this apartment than the rent you are paying right now.