Whether you're an astute investor or just starting to build your investment portfolio, here is a great opportunity you can't miss.
This is a very tightly held complex, a testament to the quality investment they represent. Once you have one, you too will be unlikely to let go. Rarely does an apartment like this come onto the market, offering a great return, with a strong record of performance over an extended period.
This two bedroom fully renovated, fully furnished, and fully serviced apartment has new appliances throughout, so you can be assured your maintenance cost will be kept to a minimum. As a serviced apartment you will benefit from your property being regularly cleaned and maintained for every new tenant. All the unit funds are pooled and distributed on a monthly basis, providing a guaranteed return with a low vacancy rate, so you won't have to worry about a thing. Monthly statements outlining revenues and expenses are provided for the entire complex, allowing you to keep on top of every aspect of your investment.
The average monthly return over the winter period for 2008 is $2183.00 per month, with rental rates reviewed every year in March.
The apartment is the perfect rental for any interstate visitor looking for a central location in a sought after area. Popular with politicians, and travelling business people because of its central locality the unit features: two bedrooms both with mirrored built in robes, the main bedroom includes a queen size bed while the second bedroom has two single beds. The kitchen is equipped with up to date appliances from a new fridge to the latest combined washing machine and dryer.
Your tenants will be able to relax in the open plan living area, which consists of a lounge seat, dining table and chairs, colour TV, mini stereo, DVD and video player or take advantage of the pool facility located within the complex.
Located within walking distance to Government offices, Kingston and Manuka shops with restaurants and cafes at your fingertips.
EER 4.5
