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Gross $11389.44 rent return per annum
Fixed costs include:
Strata fees $2200 per annum
Council rates $1923 per annum
Net return approximately 6.6% per annum
This secure investment has a guaranteed monthly return with no extra effort required from the owner. Whether you're a new investor or merely looking to diversify your current portfolio, a risk-free high return makes this an opportunity you don't want to miss.
These well-maintained serviced apartments provide a guaranteed regular income whether they are occupied or vacant. The onsite management ensures the smooth running of this motel style complex. An extra bonus is the affordable body corporate fees.
Chermside Court Motel is situated walking distance to Prince Charles and St Vincent's hospitals as well as close proximity to Westfield Shopping Centre. The desirable location of this complex ensures that it presents as an extremely convenient accommodation choice for travelling patients and support family members.
Enjoy peace of mind and great returns with this profitable stress-free investment!
* Important * Whilst every care is taken in the preparation of the information contained in this marketing, Arthur Conias Real Estate will not be held liable for any errors in typing or information. All information is considered correct at the time of publishing. Please note that photographs are indicative of rooms in the complex and do not display the actual rooms on this listing.