Discover a charming 1 bedroom apartment in the heart of Rivervale's Riverside Precinct, part of the well-maintained Burswood Lodge Complex. This cozy apartment, built in 1968, offers a fantastic investment opportunity, especially for those looking to capitalize on its short-stay rental arrangement with the complex management.
PLEASE NOTE -: as this property is under the 'Motels Act' it is for short term stays only and not available to live in permanently as an owner/occupier or for long term rentals.
The apartment features a spacious bedroom, an ensuite bathroom and laundry, and a well-equipped kitchen. With plenty of comfortable living space, this apartment enjoys plenty of natural light and is conveniently located close to shops, restaurants, public transportation, and other amenities.
Positioned directly adjacent to the new "Springs Development," this property is a prime opportunity to own a piece of Rivervale. The owner is motivated to sell, and all reasonable offers will be considered. With council rates approximately $1,151 approx. per year, water rates around $1,427 approx. per year, and annual strata fees totaling $3,150.60 per year, this apartment is an ideal nest egg or investment starter.
(NET INCOME 23/24 Financial Year after expenses was $6671.36 incl GST)
Priced From High $100,000's, this is a fantastic opportunity you won't want to miss.
Viewings are arranged strictly by appointment. Contact Think Pink Realty on 9362 4489 to schedule your viewing and secure this great investment today!