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This 'set and forget' investment properties within the 4.5 Star Oaks on Market Street, has an incredibly secure lease lasting until 2031 and a fabulous current return is $11,700 per annum with up to 5% CPI increases most years.
Note: THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION!
All outgoings are paid for by the tenant except the sinking fund ($1,500/pa/approx.)
Featuring a good sized/spacious bedroom, large modern bathroom, fully appointed kitchen, with air conditioning and heating throughout and access to the hotels large lap pool and spa, gym and sauna all complete this wonderful package.
Your investment is protected by its superb location, steady returns and a very reputable tenant in Oaks apartment. For the investor this is a straightforward and easy property to have in your portfolio that provides peace of mind and loads of potential.
Property Code: 507